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A certain amount becomes Rs 2800 in 3 ye...

A certain amount becomes Rs 2800 in 3 years and Rs 3000 in 5 years. Find the amount and rate of simple interest.

A

Rs 1500, 4 %

B

Rs 1200, 4 %

C

Rs 1600, 5 %

D

Rs 1800, 5 %

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The correct Answer is:
A
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