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Practice mode Simple Interest

A sum lent at 12.5% per annum simple interest amounts to Rs. 9,180 in 4 years. What is the sum?

Correct answer A. Rs. 6,120

Explanation

Amount = P(1 + 12.5 × 4 / 100) = 1.5P = 9180, so P = 9180 / 1.5 = Rs. 6,120.

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