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A certain sum of money is invested for one year at a certain rate of simple interest. If the rate of interest is 3% higher, then the interest earned will be 25% more than the interest earned earlier. What is the earlier rate of interest ?a)4% p.a.b)6% p.a.c)8% p.a.d)12% p.a.Correct answer is option 'D'. Can you explain this answer? for Electronics and Communication Engineering (ECE) 2024 is part of Electronics and Communication Engineering (ECE) preparation. The Question and answers have been prepared according to the Electronics and Communication Engineering (ECE) exam syllabus. Information about A certain sum of money is invested for one year at a certain rate of simple interest. If the rate of interest is 3% higher, then the interest earned will be 25% more than the interest earned earlier. What is the earlier rate of interest ?a)4% p.a.b)6% p.a.c)8% p.a.d)12% p.a.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Electronics and Communication Engineering (ECE) 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A certain sum of money is invested for one year at a certain rate of simple interest. If the rate of interest is 3% higher, then the interest earned will be 25% more than the interest earned earlier. What is the earlier rate of interest ?a)4% p.a.b)6% p.a.c)8% p.a.d)12% p.a.Correct answer is option 'D'. Can you explain this answer?.

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