Ramesh borrowed Rs 725 at the beginning of a year. After 8 months he borrowed

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Ramesh borrowed Rs 725 at the beginning of a year. After 8 months he borrowed Rs 362.50 at a rate of interest double of that which the previous sum bore. At the end of the year the total simple interest on both the loans is Rs 43.50. What is the rate at which the first sum is borrowed?

Options:

A . 4 % p.a.

B . 4.5 %p.a.

C . 5 %p.a.

D . 5.5 %p.a.

Answer: Option B

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