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8) Mr. Mehta borrowed Rs. 20,000 from a money lender but he could not repay any amount in a period of 4 years. Accordingly the

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8) Mr. Mehta borrowed Rs. 20,000 from a money lender but he could not repay any amount in a period of 4 years. Accordingly the money lender demands now Rs. 26,500 from him. Find out the compound interest rate per annum? [Ans: 7.3%]

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