A sum of money was put at simple interest at a certain rate for 2 years. Had it been at 3% higher rate for 3 years, it would have fetched Rs. 72 more. If the sum is 80 times the rate of interest, then the rate per annum is:

A sum of money was put at simple interest at a certain rate for 2 year

1.	A sum of money was put at simple interest at a certain rate for 2 years. Had it been at 3% higher rate for 3 years, it would have fetched Rs. 72 more. If the sum is 80 times the rate of interest, then the rate per annum is:
A.	8%
B.	6%
C.	5%
D.	4%
Answer» C. 5%

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A sum of money was put at simple interest at a certain rate for 2 years. Had it been at 3% higher rate for 3 years, it would have fetched Rs. 72 more. If the sum is 80 times the rate of interest, then the rate per annum is:

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