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Question

Calculate the following examples:Nishant deposits Rs.35,000 in a bank for 3 years on a certain rate of interest of Rs.7875, what is the rate of interest?
  1. 7.5%
  2. 7%
  3. 3.5%
  4. 6.5%

A
7%
B
3.5%
C
7.5%
D
6.5%
Solution
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