<![CDATA[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 invest earned will be 25% more than the interest earned earlier. What is the earlier rate of interest ?]]>Answer : 4 12% p.a. Explanation : Answer: D) 12% p.a. Explanation: If the interest earned is 25% more than the earlier interest then the rate of interest also should be 25% higher than the earlier rate. Let the earlier rate of interest be x%. Now it will be (x 3)% % increase = (x 3) - x/x * 100 = 25=
]]>https://forums.examsbook.com/topic/4996/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-invest-earned-will-be-25-more-than-the-interest-earned-earlier-what-is-the-earlier-rate-of-interestRSS for NodeSat, 01 Oct 2022 10:38:34 GMTWed, 19 Sep 2018 15:39:19 GMT60<![CDATA[Reply to 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 invest earned will be 25% more than the interest earned earlier. What is the earlier rate of interest ? on Invalid Date]]>Answer : 4 12% p.a. Explanation : Answer: D) 12% p.a. Explanation: If the interest earned is 25% more than the earlier interest then the rate of interest also should be 25% higher than the earlier rate. Let the earlier rate of interest be x%. Now it will be (x 3)% % increase = (x 3) - x/x * 100 = 25=
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