A. 3.46%
B. 4.5%
C. 5%
D. 6%
Let the original rate be R%. Then, new rate = (2R)%.
Note: Here, original rate is for 1 year(s); the new rate is for only 4 months i.e.1/3 year(s).
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[(725 x r x1)/100] + [(362.50 x 2r x1)/(100 x 3)] = 33.50
R=3.46%
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