The simple interest on a certain sum of money at the rate of 5% p.a. for 8 years is RS. 840. At what rate of interest the same amount of interest can be received on the same sum after 5 years?

The simple interest on a certain sum of money at the rate of 5% p.a. f

1.	The simple interest on a certain sum of money at the rate of 5% p.a. for 8 years is RS. 840. At what rate of interest the same amount of interest can be received on the same sum after 5 years?
A.	6%
B.	8%
C.	9%
D.	10%
Answer» C. 9%

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The simple interest on a certain sum of money at the rate of 5% p.a. for 8 years is RS. 840. At what rate of interest the same amount of interest can be received on the same sum after 5 years?

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