Question 64

A sum of ₹725 is lent in the beginning of a year at a certain percentage rate of interest per annum. After 8 months, a sum
of ₹362.50 more is lent, but at double the previous rate. At the end of the year, ₹53.50 is earned as simple interest from
both the loans. What was the original rate of interest per annum (correct to two decimal places)?

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