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Practice mode Simple Interest

A sum lent at simple interest amounts to Rs. 7,392 in 2 years and to Rs. 8,316 in 3 years 6 months. What is the sum?

Correct answer A. Rs. 6,160

Explanation

Interest for 1.5 years = 8316 − 7392 = Rs. 924, so yearly SI = Rs. 616. Sum = 7392 − 2 × 616 = Rs. 6,160.

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