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If a sum of money becomes 4000 in 2 year...

If a sum of money becomes 4000 in 2 year and 5500 in 4 year 6 month at the same rate of simple interest per annum. Then the rate of simple interest is :

A

`21(3/7) %`

B

`21 (2/7 ) %`

C

`21 (1/7) %`

D

`21 (5/7)%`

Text Solution

Verified by Experts

The correct Answer is:
A
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