The simple interest on a certain sum of money at the rate of 5% per annum for 8

Question

The simple interest on a certain sum of money at the rate of 5% per annum for 8 years is Rs. 840. Rate of interest for which the same amount of interest can be received on the same sum after 5 years is = ?

Options:

A . 7%

B . 8%

C . 9%

D . 10%

Answer: Option B

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