At a certain rate of interest the compound interest of 3 years and sim – McqOptions

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1.	At a certain rate of interest the compound interest of 3 years and simple interest of 5 years for certain sum of money is respectively Rs. 1513.2 and Rs. 2400. Find the common rate of interest per annum ?
A.	0.05
B.	0.06
C.	0.04
D.	0.03
Answer» B. 0.06

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