A sum, when invested at 10% simple interest per annum, amounts to ₹3360 after 2 years. What is the simple interest (in ₹) on the same sum at the same rate of interest in 1 year?
A560
B140
C120
D280
A560
B140
C120
D280
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Money was lent on simple interest. After 12 years, its simple interest becomes of the money. Find the rate of interest.