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The simple interest on a sum of money fo...

The simple interest on a sum of money for 3 years is `Rs. 240` and the compound interest on the same sum, at the same rate for 2 years is `Rs. 170`. The rate of interest is:

A

`12 1/2`%

B

`5 5/17`%

C

0.08

D

`29 1/6`%

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The correct Answer is:
A
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