Q. Simple interest on a sum of Rs 50200 for 3 months is Rs 1380.5. What is the rate (in percentage) of interest per annum?
A) 9
B) 11
C) 8.5
D) 9.5
✔ Correct Answer: 11
Exam Insight
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A) 9
B) 11
C) 8.5
D) 9.5
✔ Correct Answer: 11
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