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If Simple Interest for 2 Years for a Sum Is

Question 5

Multiple Choice

If simple interest for 2 years for a sum is Rs. 600 and compound interest for the same sum for 2 years and same rate of interest is Rs. 645, what will be the rate of interest?


A) 10%
B) 15%
C) 30%
D) 5%

Correct Answer:

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