Mohan invested Rs. 800 in a scheme which is offering 53/4% per annum simple interest. After 2 years he withdrew the money from the scheme and invested the total amount in another scheme which gives an interest rate of R% p.a. simple interest. After 3 more years, he received Rs. 1214.40 as amount then what is the difference between the rates of interest?
1
71/13%
2
83/7%
3
79/12%
4
86/3%
5
None of these