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      Question

      Simple Interest received by a person in 5 years on a principal of Rs 6000 is 150 percent of the principal. What is the annual rate of interest?

      A 20 percent Correct Answer Incorrect Answer
      B 30 percent Correct Answer Incorrect Answer
      C 10 percent Correct Answer Incorrect Answer
      D 25 percent Correct Answer Incorrect Answer

      Solution

      The correct answer is C

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