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(2/3)%

B . 14(1/2)%

C . 13(1/3)%

D . 15%

Answer: Option A
Answer: (a).16(2/3)%

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