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Question

Mr. Gupta opened a recurring deposit account in a bank. He deposited Rs.2,500 per month for 2 years. At the time of maturity he got Rs.67,500. Find the rate of interest offered by the bank.


A

8%

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B

10%

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C

12%

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D

14%

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E

15%

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Solution

The correct option is C

12%



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