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Discussion :: Simple Interest

  1. A certain sum of money at simple interest amounted Rs.840 in 10 years at 3% per annum, find the sum?
    2. A.
    Rs.500
    B.
    Rs.515
    C.
    Rs.525
    D.
    None

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    Answer : Option D

    Explanation :

    840 = P [1 + (10*3)/100]

    P = 646

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