Q: The simple interest on a certain sum is one fourth of the sum and the interest rate per annum is 4 times the number of years. If the rate of interest increases by 2% then what will be the simple interest (in`) on `5000 for 3 years?
A.
` 1,800
B.
` 3000
C.
` 1,500
D.
` 2,000
Correct Answer:
Option A -
Explanations:
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