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a.15%
b.12%
c.11%
d.10%
......................................c.11% ...............................................................
11 % is ......................right ..............................
Answer is11% as only interest is tax deductible.
Formula will be :
2x10% x(1-.3) +8x12%=1.4+9.6=11%
answer C ________________________________________________________
Thanks for the invitation,
I agree with the experts
It is11% ..................option c) is the correct answer,