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Q. A sum of Rs. 10 is lent to be returned in 11 monthly instalments of Rs. 1 each, interest being simple. The rate of interest is:

  • (A) 100/11%
  • (B) 10%
  • (C) 11%
  • (D) 21 9/11 %
  • Correct Answer - Option(D)
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  • Filed under category Math
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