a sum of rs. 10 is lent to be returned in 11 monthly installment of re. 1 each, interest being simple. the rate of interest is?
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The principal = 10
Amount = 11
Interest = a - p =1
Time = 11/12 months
Rate = 0.9091%
Amount = 11
Interest = a - p =1
Time = 11/12 months
Rate = 0.9091%
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