Mathematics for FinanceMTP Sep 24Question 1429 of 422
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A person gave a loan of $200$ to Mr. X and recovered it at the rate of $35$ for eight months, commencing from the end of first month. What is the effective rate of simple interest?

Options

A$10\%$
B$20\%$
C$40\%$
D$60\%$
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Correct Answer

Option d$60\%$

All Options:

  • A$10\%$
  • B$20\%$
  • C$40\%$
  • D$60\%$

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