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Bank promises to give you loan for 10Lac, with EMI of 12800 for 10 years. What is the rate of Interest implicit in the offer

Bank promises to give you loan for 10Lac, with EMI of 12800 for 10 years. What is the rate of Interest implicit in the offer

a.9.24%

b.0.77%

c.9.15%

d.0.81%

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