David makes a fixed deposit of \( ₹ 50,000 \) in a bank (W) for \( 1 \frac{1}{2} \) years. If th...

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David makes a fixed deposit of \( ₹ 50,000 \) in a bank
(W) for \( 1 \frac{1}{2} \) years. If the interest is compounded halfyearly and the maturity value is \( ₹ 66,550 \), then find the rate of interest per annum.
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