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A sum of money becomes Rs. 900 in 4 yr at 5% per annum on Simple Interest. The sum is?1. Rs. 5502. Rs. 6503. Rs. 7504. Rs. 500 |
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Answer» Correct Answer - Option 3 : Rs. 750 Given: Amount = Rs. 900 Time = 4 years Rate of interest = 5% Formula used: Amount = Principal + Interest S.I = PRT/100 Calculation: S.I = (P × 4 × 5)/100 ⇒ P/5 Now, according to question ⇒ P + (P/5) = Rs. 900 ⇒ 6P/5 = Rs. 900 ⇒ P = Rs. 150 × 5 ⇒ Rs. 750 ∴ The sum is Rs. 750 |
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