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Q: A sum of money amounts to `7,500 in 5 years, and to `8,500 in 7 years at simple interest at the same rate of interest. The rate of interest per annum is:
  • A. 12%
  • B. 8%
  • C. 10%
  • D. 9%
Correct Answer: Option C -
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Explanations:

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