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Discussion :: Simple Interest

  1. A certain sum of money at simple interest amounts to Rs. 1260 in 2 years and to Rs. 1350 in 5 years. The rate percent per annum is:
    2. A.
    2.5%
    B.
    3.75 %
    C.
    5 %
    D.
    7.5 %

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    Answer : Option A

    Explanation :

    S.I for 3 years = Rs. (1350-1260) = Rs. 90 


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