A sum of money amounts to Rs 9800 after 5 years and Rs. 12005 after 8 years at t

Question

A sum of money amounts to Rs 9800 after 5 years and Rs. 12005 after 8 years at the same rate of simple interest. The rate of interest per annum is :

Options:

A . 5%

B . 8%

C . 12%

D . 15%

Answer: Option C
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