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Q: A sum lent out at simple interest amounts to `6,076 in 1 year and `7,504 in 4 years. The sum and the rate of interest p.a. are respectively:
  • A. `5,400 and 10%
  • B. `5,600 and 8.5%
  • C. `5,400 and 9%
  • D. `5,600 and 9%
Correct Answer: Option B -
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Explanations:

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