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## Piyush takes a loan of Rs 10000. After 1 yr, he takes another loan of Rs 10000 at double the rate of interest. If he has to pay interest at simple rate of interest and settles the loan by paying Rs 23600 at the end of two years, what is the initial rate of interest he has to pay?

Asked On2019-04-11 15:32:29 by:Rohit498

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