Question
A certain sum of money is invested at simple interest at a rate of R% per annum.
- I When it is invested at this rate R% for 5 years, the interest earned is Rs 11,200. I
- I When the same sum is invested at a rate 2% higher (i.e. (R + 2)% p.a.) for 3 years, the interest earned is Rs 8,400. What is the value of R?
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