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Asked: October 28, 20202020-10-28T21:12:05+00:00 2020-10-28T21:12:05+00:00In: Finance

A money lender charges ‘interest’ at the rate of 3 rupees per 100 rupees per month, payable in advance. What effective rate does he charge per annum?

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A money lender charges ‘interest’ at the rate of 3 rupees per 100 rupees per month, payable in advance. What effective rate does he charge per annum?

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