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The true discount on a certain sum of money due 4 years hence is Rs 760, and the simple interest on the same sum for the same time and at the same rate is Rs 1064. Find the rate percent per annum.

1. The true discount on a certain sum of money due 4 years hence is Rs 760, and the simple interest on the same sum for the same time and at the same rate is Rs 1064. Find the rate percent per annum.

 

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