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A sum of money amounts to Rs. 98,000 after 5 years and Rs. 1,20,050 after 8 years at the same rate of simple interest. The rate of interest per annum is.

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A sum of money amounts to Rs. 98,000 after 5 years and Rs. 1,20,050 after 8 years at the same rate of simple interest. The rate of interest per annum is.






 
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