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On Rs. 3500 invested at a simple interest rate of 7 per cent per annum, Rs. 500 is obtained as interest in certain years. In order to earn Rs. 800 as interest on Rs. 4900 in the same number of years, what should be the rate of simple interest

🗓 Dec 18, 2021

Answer is "8%"

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Andrea 🌐 India
I'm in exam, can any one give the solution for this question
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Courtney 🌐 India
Hello, please post an solution as well
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