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Question

SIMPLE INTEREST :

 

A certain sum of money is invested for two years at a certain rate of simple interest. If the rate of interest is 6% higher, then the interest earned will be 40% more than the interest earned earlier. What is the earlier rate of interest?

  • 16% p.a.
  • 15% p.a.
  • 14% p.a.
  • 19% p.a.
  • None of these
Answer- B

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