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A sum of money at simple interest amounts to ₹1352 in 2 years and to ₹1508 in 3 years. The rate of interest per annum is what percent?

Competition practiceRatio, Percentage & Commercial Math
  • A15
  • B12
  • C14
  • D16

Step-by-Step Solution

Interest for 1 year = 1508 − 1352 = ₹156. Principal = ₹1040. Rate = %.
Answer: A) 15

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