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Divide ₹3500 into two parts so that simp...

Divide `₹3500` into two parts so that simple interest on the first part when deposited for `2` years at `15%` per annum and that on the second part when deposited for `3` years at `16%` per annum in a bank add to give the total interest of `₹1320`.

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The correct Answer is:
`16%`
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