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If Rs. 16000 amounts to Rs. 17200 in 3 years, then the rate of interest is .....

A4%

B2.5%

C6%

D7%

Answer:

B. 2.5%

Read Explanation:

Interest=17200-16000=1200 R-(Interest x 100)/ (Principal x N) =(1200 x 100) /(16000 x 3) =2.5%


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