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Q. A banker discounts a 4 months bill at 3 %. If the proceeds be invested in a manner, so that nothing is lost, the interest rate should be

  • (A) 3%
  • (B) 4%
  • (C) 100/33%
  • (D) 109/36%
  • Correct Answer - Option(C)
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  • Filed under category Math
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