A certain sum of money is invested for one year at a certain rate of simple interest. If the rate of interest is 3% higher, then the invest earned will be 25% more than the interest earned earlier. What is the earlier rate of interest ?

by

A) 4% p.a.

B) 6% p.a.

C) 8% p.a.

D) 12% p.a.

View Answer
Option – D.

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