If the time increases by 5 years, then simple interest increases by Rs. 3000 on a sum of Rs. 5000. What is the rate (in percentage) of interest per annum?

If the time increases by 5 years, then simple interest increases by Rs

1.	If the time increases by 5 years, then simple interest increases by Rs. 3000 on a sum of Rs. 5000. What is the rate (in percentage) of interest per annum?
A.	15
B.	12
C.	10
D.	6
Answer» C. 10

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If the time increases by 5 years, then simple interest increases by Rs. 3000 on a sum of Rs. 5000. What is the rate (in percentage) of interest per annum?

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