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On Rs.3000 invested at a simple rate of interest 4% per annum, Rs.600 is obtained as dinterest in a certain number of years. In order to earn Rs.2000 as interest on Rs.5000 in the same number of years, what should be the rate of simple interest?a)7%b)8%c)6%d)5%e)None of theseCorrect answer is option 'B'. Can you explain this answer? for Banking Exams 2025 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about On Rs.3000 invested at a simple rate of interest 4% per annum, Rs.600 is obtained as dinterest in a certain number of years. In order to earn Rs.2000 as interest on Rs.5000 in the same number of years, what should be the rate of simple interest?a)7%b)8%c)6%d)5%e)None of theseCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Banking Exams 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for On Rs.3000 invested at a simple rate of interest 4% per annum, Rs.600 is obtained as dinterest in a certain number of years. In order to earn Rs.2000 as interest on Rs.5000 in the same number of years, what should be the rate of simple interest?a)7%b)8%c)6%d)5%e)None of theseCorrect answer is option 'B'. Can you explain this answer?.

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