A sum of money invested at 5% per annum simple interest amounts to $285.20 after 3 years. How long will it take the same sum to amount to $434.00 at 7\(\frac{1}{2}\)% per annum simple interest?
a
7\(\frac{1}{2}\) years
b
10 years
c
5 years
d
12 years
e
14 years
Explanation
Correct Option
bVideo Explanation
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