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a) 6.67%
b) 6.57%
c) 6.47%
d) 6.37%
correct answer is: a) 6.67%
Explanation
Here,
P = ₹ 8250
SI =₹ 1100
T = 2 years
We know, Rate =\frac{100\times SI}{P\times T}
\therefore Rate =\frac{100\times1100}{8250\times2}
\rightarrow\ 6.67% p.a.
Ans: Rate 6.67% p.a.
