A steel container is sold at Rs 120 cash or Rs 25 as cash down payment – McqOptions

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1.	A steel container is sold at Rs 120 cash or Rs 25 as cash down payment and Rs.25 a month for 4 months .The rate of interest per annum charged under the installment plan is .
A.	26.09%
B.	24.09%
C.	20 %
D.	23.25%
Answer» B. 24.09%

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