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Simple Interest Practice Test 3

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Question : 27

Total: 40

Arun lends Rs 20,000 to two of his friends. He gives Rs 12,000 to the first at 8% p.a. simple interest. Arun wants to make a profit of 10% on the whole. The simple interest rate at which he should lend the remaining sum of money to the second friend is:

8%
16%
12%
13%

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