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Q:

The ratio between compound interest and simple interest for a certain amount is 43 : 40 for 2 years, the find the rate of interest.

  • 1
    15 %
  • 2
    18 %
  • 3
    20 %
  • 4
    12 %
  • 5
    None of these
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Answer : 1. "15 % "

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