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Alisha borrowed a certain sum from Vikas at a certain rate of simple interest for 2 years. She lent this sum to Sunil at the same rate of interest compounded annually for the same period. At the end of two years, she received Rs. 2400 as compound interest but paid Rs. 2000 only as simple interest to Mr Vikas. Find the calculated rate of interest.

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Alisha borrowed a certain sum from Vikas at a certain rate of simple interest for 2 years. She lent this sum to Sunil at the same rate of interest compounded annually for the same period. At the end of two years, she received Rs. 2400 as compound interest but paid Rs. 2000 only as simple interest to Mr Vikas. Find the calculated rate of interest.






 
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