A steel container is sold at Rs 120 cash or Rs 25 as cash down payment and Rs.25 a month for 4
months .The rate of interest per annum charged under the installment plan is .
(a) 26.09%
(b) 24.09%
(c) 20 %
(d) 23.25%
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a) 26.09% is answer of the following question but I don't know it is 100% percent correct
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