The C.I of Rs. 32,000 in 9 months is Rs. 5044. If C.I is calculated quarterly find the rate per annum

The C.I of Rs. 32,000 in 9 months is Rs. 5044. If C.I is calculated quarterly find the rate per annum?

(a) 10%

(b) 50%

(c) 20%

(d) 40%

Sol:

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