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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