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A man invested Rs.25,400 on simple interest for 9 years to obtain a total amount of Rs.67,790 on a certain annual rate of interest. What was the rate
Question

A man invested Rs.25,400 on simple interest for 9 years to obtain a total amount of Rs.67,790 on a certain annual rate of interest. What was the rate of interest (rounded off to 2 decimal places) to obtain the above amount?

A.

14.58%

B.

18.54%

C.

18.45%

D.

15.84%

Correct option is B

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