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The cash price of a Diamond is Rs 10,000...

The cash price of a Diamond is Rs 10,000. But it can also be purchased on 11 monthly equal installment of Rs 1,000 each. Find the rate of simple interest ?

A

a)`9(9)/(11)%`

B

b)`11(9)/(11)%`

C

c)`31(9)/(11)%`

D

d)`21(9)/(11)%`

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The correct Answer is:
D
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