Mathematics · Simple Interest
If the time period increases by 8 years, then the simple interest increases by Rs. 3200 on a principal sum of Rs. 2400. What is the annual rate of interest? (Give your answer correct to two places of decimal)
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 17.14 percent
- 216.67 percent✓
- 314.28 percent
- 412.50 percent
Correct answer
16.67 percent
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