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What is the correct answer?


Ankita borrows 7000 at simple Interest from a lender. At the end of 3 years, she again borrows 3000 and settled that amount after paying 4615 as interest after 8 years from the time she made the first borrowing. What is the rate of interest?

A. 5.5%

B. 9.5%

C. 7.5%

D. 6.5%

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