A man deposits Rs. 8000 in his bank account which pays interest at simple interest per annum. After ….

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A man deposits Rs. 8000 in his bank account which pays interest at simple interest per annum. After 3 years, he deposits Rs. 6000 in his account. If after further 5 years, he closes his account after withdrawing his total account balance of Rs. 18700, then find the rate of interest.

Options :-

1. 5%
2. 3%
3. 2.5%
4. 3.5%

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