A sum of Rs. 7,500 amounts to Rs. 8,748 after 2 years at a certain compound interest rate per annum. What will be the simple interest on the same sum for 5 years at double the earlier interest rate?

A sum of Rs. 7,500 amounts to Rs. 8,748 after 2 years at a certain com

1.	A sum of Rs. 7,500 amounts to Rs. 8,748 after 2 years at a certain compound interest rate per annum. What will be the simple interest on the same sum for 5 years at double the earlier interest rate?
A.	Rs. 8,000
B.	Rs. 6, 000
C.	Rs. 4,000
D.	Rs. 2,700
Answer» C. Rs. 4,000

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A sum of Rs. 7,500 amounts to Rs. 8,748 after 2 years at a certain compound interest rate per annum. What will be the simple interest on the same sum for 5 years at double the earlier interest rate?

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