Q89
What is the initial rate of interest per annum ?
- (a)
- (b)
- (c)
- (d)
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A person borrows a sum of ₹ on simple interest at the beginning of a year. After months, ₹ more is borrowed at a rate of interest double the previous one. At the end of the year, the total interest on both the loans is ₹.
What is the initial rate of interest per annum ?
Answer: (b)