Question

A sum of money amounts to Rs 8400 in 3 years and Rs 9000 in 4 years at simple interest. Find the principal and the rate of interest per annum.

A Principal = Rs 5600; Rate = 11.09 % per annum.
B Principal = Rs 7670; Rate = 29.09 % per annum.
C Principal = Rs 1670; Rate = 33.09 % per annum.
D Principal = Rs 6600; Rate = 9.09 % per annum.
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