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Mahesh invested an amount of Rs. 12050 at simple interest. He got an amount of Rs. 13,496 at the end of 2 years. At what rate of interest did he invest ?
- A3 % per annum
- B4 % per annum
- C5 % per annum
- D6 % per annum
Correct answer: D
Discussion 1
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CCommunity
6 % per annum
SI = Rs. (13496 - 12050)
SI = Rs. (13496 - 12050)