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Ashish

· started a discussion

· 1 Months ago

wrong answer (Question: 113239.0 )

answer shoud be 4.5%

Question:
A house is sold for Rs. 30,000 cash or Rs. 17500 as cash down payment and installment of Rs. 1600 per month for 8 month. Determine the rate of interest correct to one decimal place, under the installment plan:
Options:
A) 6.5%
B) 6%
C) 4.5%
D) 5%
Solution:
Ans: (a)


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