If the annual rate of simple interest increases from 11% to \(17 \frac{1}{2}\)%, then a person's yearly income increases by Rs. 1,071.20. The simple interest (in Rs.) on the same sum at 10% for 5 years is:

If the annual rate of simple interest increases from 11% to \(17 \fra

1.	If the annual rate of simple interest increases from 11% to \(17 \frac{1}{2}\)%, then a person's yearly income increases by Rs. 1,071.20. The simple interest (in Rs.) on the same sum at 10% for 5 years is:
A.	9,120
B.	8,240
C.	16,480
D.	7,250
Answer» C. 16,480

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If the annual rate of simple interest increases from 11% to \(17 \frac{1}{2}\)%, then a person's yearly income increases by Rs. 1,071.20. The simple interest (in Rs.) on the same sum at 10% for 5 years is:

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