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Practice mode Simple Interest

A sum of money earns a simple interest of Rs. 2,016 in 3 years 6 months at 8% per annum. What is the sum?

Correct answer A. Rs. 7,200

Explanation

P = SI × 100 / (R × T) = 2016 × 100 / (8 × 3.5) = 201600 / 28 = Rs. 7,200.

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