Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Quantitative Aptitude Interest Simple Interest

A sum of money becomes Rs. 34800 in 2 years and Rs. 42,000 in 5 years at simple interest per annum. Find the rate of interest and the sum of money respectively

1

6%, Rs. 40,000

2

7%, Rs. 30,000

3

8%, Rs. 30,000

4

5%, Rs. 35,000

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