A sum of $R s .3000$ amount to $R s .40000$ in 2 years at .............. rate of interest?

16.6

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18

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17.6

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None

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Solution

The correct option is A $16.6$ %
$S I = R s (40000 - 30000) = R s .10000$
$R a t e = \frac{100 \times 10000}{30000 \times 2} = \frac{50}{3}$
$= 16.6$ %

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