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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