Question

Q27. A man takes a loan of Rs. 10,000 at simple
interest. He pays Rs. 5,000 at the end of the first year
and Rs. 6,500 at the end of the second year and clears
the debt. If the rate of interest is the same in both the
years, find the rate of interest.
(a) 10%
(b) 12%
(c) 15%
(d) 8%​

Answer 1

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