Source: Previous Question Papers
Rs. 9700 are invested in the bank with simple interest at the rate of 5 p.c.p.a. To get the same amount that will be received in 4 years in 2.5 years only, by how much should the rate of interest needs to be increased?
Options
Option A
8%
Option B
5%
Option C is correct
3%
Option D
2.5%