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    A sum of Rs. 11500 amounts to Rs. 12880 in 2 years at the rate of simple interest. What is the rate of interest?
    Question

    A sum of Rs. 11500 amounts to Rs. 12880 in 2 years at the rate of simple interest. What is the rate of interest?

    A.

    6% per annum

    B.

    4% per annum

    C.

    10% per annum

    D.

    8% per annum

    Correct option is A

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