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, Options are ⇒ (A) 0.1134, (B) 12.38%, (C) 10.92%, (D) 13.12%, (E) , Leave your comments or Download question paper.
A true discount on an amount of Rs.480 due 3 years hence is equal as simple interest on Rs.350 for 3 years at the same interest rate on true discount. Then what is the interest rate? | |
A. | 0.1134 [Wrong Answer] |
B. | 12.38% [Correct Answer] |
C. | 10.92% [Wrong Answer] |
D. | 13.12% [Wrong Answer] |