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Q:
A) 10% | B) 11% |
C) 12% | D) 13% |
Answer: B) 11%
Explanation:
Explanation:
Difference in C.I and S.I for 2 years
= Rs(696.30-660)
=Rs. 36.30.
S.I for one years = Rs330.
S.I on Rs.330 for 1 year =Rs. 36.30
Rate
= (100x36.30/330x1)%
= 11%