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Interest Questions

  • Numerical Ability - Interest
Question

. On a sum of money, the simple interest for 2 years is Rs.660, while the compound interest is Rs.696.30, the rate of interest being the same in both the cases. The rate of interest is :

  • A) 10%
  • B) 10.5%
  • C) 12%
  • D) Data inadequate
  • E) None of these
Solution
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