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If amount of Rs 16000 becomes 23000 in 3...

If amount of Rs 16000 becomes 23000 in `3(1)/(2)` years then find the rate of interest?

A

`12.75%`

B

`12%`

C

`12.50%`

D

`12.25%`

Text Solution

Verified by Experts

The correct Answer is:
C
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