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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 -
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Explanations:

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