A sum was invested for 7 years at a certain annual rate of simple inte – McqOptions

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1.	A sum was invested for 7 years at a certain annual rate of simple interest. If the interest rate is increased by 8%, then the interest increases by Rs. 2240. What is the sum (in Rs.) invested?
A.	3500
B.	4000
C.	5000
D.	6000
Answer» C. 5000

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