Profit after tax amounted to 6,00,000, and tax rate was 20%. If earnings before interest and tax was 10,00,000 and Nominal Value of Debentures amounted to 25,00,000 (assuming the only debt of the company), determine the rate of interest on debentures 

Mark-4, CBSE: 2024-25/Sample/Q-33* 

Answer :

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