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Q: A sum of Rs. 1600 gives a simple interest of Rs. 252 in 2 year and 3 months. The rate of interest per annum is :

  • 1
    $$5{1\over2}\%$$
    Correct
    Incorrect
  • 2
    8%
    Correct
    Incorrect
  • 3
    7%
    Correct
    Incorrect
  • 4
    6%
    Correct
    Incorrect
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Answer : 3. "7%"
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