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Q. With a given rate of simple interest, the ratio of principal and amount for a certain period of time is 4 : 5. After 3 years with the same rate of interest, the ratio of the principal and amount becomes 5 : 7. The rate of interest is = ?

  • (A) 4%
  • (B) 6%
  • (C) 5%
  • (D) 7%
  • Correct Answer - Option(C)
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