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Q:

On a certain sum of money at a certain rate of interest, the simple interest for two years is Rs 120 and the compound interest is Rs 129, then what will be the rate of interest?

  • 1
    15 %
  • 2
    12.5 %
  • 3
    9 %
  • 4
    51 %
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Answer : 1. "15 %"

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