For the given years, what is the difference in the average rate of interest between fixed and floating?

0.8125

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0.4575

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0.2525

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None of these

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Solution

The correct option is A
0.8125

Average rate of interest of floating

$= \frac{1}{8} (15 + 15 + 15 + 14.5 + 12.5 + 12 + 10 + 10) = 13$

Average rate of interest of fixed = 13.8125

$∴$ Difference = 0.8125

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