CA CPT Model Test Paper 8 with solutions for online practice

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Question : 154 of 200
 
Marks: +1, -0
A man borrowed Rs. 20,000 from a money lender but he could not repay the amount for a period of 4 years. According the money lender’s demand showed Rs. 26,500 due from him. At what rate percent annum compound interest did the money lender lend his money?
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