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Discussion :: Simple Interest

  1. If Re.1 amounts to Rs.9 over a period of 20 years. What is the rate of simple interest?
    2. A.
    26 2/3 %
    B.
    30 %
    C.
    27 1/2%
    D.
    40 %

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    Answer : Option D

    Explanation :

    8 = (1*20*R)/100

    R = 40%

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