A sum of money amounts to 9800 after 5 years and 12005 after 8 years at the same rate of simple interest. The rate of interest per annum is:

A sum of money amounts to 9800 after 5 years and 12005 after 8 year

1.	A sum of money amounts to 9800 after 5 years and 12005 after 8 years at the same rate of simple interest. The rate of interest per annum is:
A.	12 %
B.	15 %
C.	18 %
D.	20 %
Answer» B. 15 %

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A sum of money amounts to 9800 after 5 years and 12005 after 8 years at the same rate of simple interest. The rate of interest per annum is:

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