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      Question

      The amount payable on maturity after 5(1/2) years on a

      sum of Rs 4,750, when invested at a certain rate per cent of simple interest per annum, was Rs 6,840. What was the per annum per cent rate of simple interest paid?
      A 7.5% Correct Answer Incorrect Answer
      B 8.5% Correct Answer Incorrect Answer
      C 8% Correct Answer Incorrect Answer
      D 9% Correct Answer Incorrect Answer

      Solution

      The correct answer is C

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