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What rate of interest is obtained from investing in 9 1/ 2% percent at par?
91/2%
81/2%
182/3%
None of these
Correct Answer:
91/2%
Explanation:
Actual rate percent = [9
1
/
2
/ (100 + 0 + 0)] x 100
= 9
1
/
2
%
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