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Discussion :: Simple Interest

  1. What sum of money will produce Rs.70 as simple interest in 4 years at 3 1/2 percent?
    2. A.
    Rs.525
    B.
    Rs.500
    C.
    Rs.550
    D.
    Rs.555

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    Answer : Option B

    Explanation :

    70 = (P*4*7/2)/100

    P = 500

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