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    Question

    The simple interest on a certain sum of money at the

    rate of 7.5% p.a. for 8 years is ₹4,080. At what rate of interest can the same amount of interest be received on the same sum for 5 years?
    A 10.5% Correct Answer Incorrect Answer
    B 12% Correct Answer Incorrect Answer
    C 11% Correct Answer Incorrect Answer
    D 9% Correct Answer Incorrect Answer

    Solution

    The correct answer is B

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