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Discussion :: Simple Interest

  1. A certain amount earns simple interest of Rs. 1750 after 7 years. Had the interest been 2% more, how much more interest would it have earned?
    2. A.
    Rs. 35
    B.
    Rs. 245
    C.
    Rs. 350
    D.
    Cannot be determined

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    Answer : Option D

    Explanation :

    We need to know the S.I., principal and time to find the rate. Since the principal is not given, so data is inadequate.

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