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the answer was 6 so it has correct
6
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Answer:
10%
Step-by-step explanation:
Installment per month(P) = Rs 350
Number of months(n) = 12 + 3 = 15
Let rate of interest(r)= r %p.a.
Maturity value= Rs (350 x 15) + Rs (35)r
Given maturity value= Rs 5,565
Then Rs (350 x 15) + Rs (35)r = Rs 5,565
35r = Rs 5,565 - Rs 5,250
you can answer it by this type
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