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  1. What rate % is obtained by investing in 7% at 5 discount ? (Brokerage 1/4 %)
    1. 7.35%
    2. 7.55%
    3. 7.05%
    4. 8%
Correct Option: A

Required answer = [7 / (100 - 5 + 0.25)] x 100 = 7.349
= 7.35% (Approx. )


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