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Q: A sum of money becomes $${7\over6}$$ of itself in 3 years at a certain rate of simple interest. The rate of interest per annum is:

  • 1
    $$5{5\over9}\%$$
  • 2
    $$6{5\over9}\%$$
  • 3
    18%
  • 4
    25%
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Answer : 1. "$$5{5\over9}\%$$"

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