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DIRECTIONS: Passage-4 Read the passage(s) given below and answer the questions that follow. Rs. 2000 amounts to Rs. 2600 in five years at a certain rate of simple interest. If the rate of interest is 3% more than the previous rate, then what will be the simple interest on same sum in the same time period? |
A. | Rs. 900 |
B. | Rs. 700 |
C. | Rs. 500 |
D. | Rs. 800 |
Answer» B. Rs. 700 | |