Goods were bought for Rs. 600 and sold the same for Rs. 688.50 at a credit of 9

Question

Goods were bought for Rs. 600 and sold the same for Rs. 688.50 at a credit of 9 months and thus gaining 2% The rate of interest per annum is:

Options:

A . $$16\frac{2}{3}$$%

B . $$14\frac{1}{2}$$%

C . $$13\frac{1}{3}$$%

D . 15%

Answer: Option A

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