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Prem invested a certain sum of money in a simple interest bond whose value grew to Rs. 300 at the end of 3 years and to Rs. 400 at the end…

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Prem invested a certain sum of money in a simple interest bond whose value grew to Rs. 300 at the end of 3 years and to Rs. 400 at the end of another 5 years. What was the rate of interest in which he
  • A12%
  • B12.5%
  • C6.67%
  • D8.33%
Correct answer: D

Discussion 1

0
CCommunity
8.33%

NA