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A person invested a sum of Rs 18600 at x...

A person invested a sum of Rs 18600 at x% p.a. and another sum that is twice the former at (x + 2)% p.a., both at simple interest. If the total interest earned on both investments for 3% years is Rs 23110.50, then the rate of interest p.a. on the second investment is:

A

0.11

B

0.105

C

0.13

D

0.125

Text Solution

Verified by Experts

The correct Answer is:
D
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