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Q. A sum of money becomes Rs. 20925 in 2 years and Rs. 24412.50 in 5 years. Find the rate of interest and the sum of money.

  • (A) 6.25%, Rs. 18600
  • (B) 6.75%, Rs. 17775
  • (C) 7%, Rs. 18000
  • (D) 8%, Rs. 17560
  • Correct Answer - Option(A)
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