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Q. At a certain rate per annum, the simple interest on a sum of money for one year is 260 and the compound interest on the same sum for two years is 540.80. The rate of interest per annum is ?

  • (A) 4%
  • (B) 6%
  • (C) 8%
  • (D) 10%
  • Correct Answer - Option(C)
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