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At simple interest, a sum of ₹6500 grows to ₹8840 in 4 years. Find the annual rate of interest (in %).

Competition practiceSimple & Compound Interest
  • A9
  • B8
  • C10
  • D7.5

Step-by-Step Solution

Interest = 8840 − 6500 = ₹2340. Rate = % per annum.
Answer: A) 9

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