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A person invested a sum of Rs 10,500 at ...

A person invested a sum of Rs 10,500 at x% per annum at simple interest and a sum of Rs 13,500 at (x + 2)% p.a. at simple interest. If the total interest earned on both the investments for 3 years is Rs 7,650, then the rate of interest on the first investment is:

A

0.08

B

0.095

C

0.09

D

0.085

Text Solution

Verified by Experts

The correct Answer is:
B
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