Mathematics
Medium
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:
A
5%
B
8%
C
12%
✓ Official correct answer
D
15%
Community credibility
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A
5%
No member explanations yet for this option.
B
8%
No member explanations yet for this option.
C
12%
No member explanations yet for this option.
D
15%
No member explanations yet for this option.