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Arithmetic Ability
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Q.
If rupee two produces rupees eleven over a period of 30 years, find the rate of simple interest ?
A.
0.1725
B.
0.1814
C.
0.1833
D.
17.35 %
View Answer
Correct choice: C
Explanation:
We know that I = PTR/100 11 = (2x30xR)/100 R = 18.333 %
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