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A sonata watch is sold for ₹ 440 cash o...

A sonata watch is sold for ₹ 440 cash or for ₹ 200 cash down payment together with ₹ 244 to be paid after one month. Find the rate of interest charged in the instalment scheme :

A

`10%`

B

`15%`

C

`20%`

D

`25%`

Text Solution

Verified by Experts

The correct Answer is:
C
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