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Radha invests certain sums in scheme A (...

Radha invests certain sums in scheme A (for 6 years) and B (for 5 years) both offering simple interest. The sum invested in scheme B was `25%` less than that in scheme A. The interests received from both the schemes are equal. If the interest offered by scheme A is at `10%` per annum what is the rate of interest (per annum) offered by scheme B?

A

`12%`

B

`20%`

C

`16%`

D

`15%`

Text Solution

Verified by Experts

The correct Answer is:
C
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