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A person deposited Rs 400 for 2 years...

A person deposited Rs 400 for 2 years, Rs 550 for 4 years and Rs 1200 for 6 years. He received the total simple interest of Rs 1020. The rate of interest per annum is (a) 5% (b) 10% (c) 15% (d) 20%

A

0.1

B

0.05

C

0.15

D

0.2

Text Solution

Verified by Experts

The correct Answer is:
A
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