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The total investment in a project is Rs. 10 lakhs and the annual profit is 1.5 lakhs. If the project life is 10 years, then the simple rate of return on investment is | |
A. | 0.15 [Wrong Answer] |
B. | 0.1 [Wrong Answer] |
C. | 0.015 [Correct Answer] |
D. | 1.5 [Wrong Answer] |