Question 146

The simple interest on a certain sum at 15% p.a. for three years is ₹ 7,200. The sum is:

Solution

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$$Interest = P\times n\times (r/100).$$

So,$$ 7200=P\times 3\times 0.15.$$

or, $$P= 7200\div (3\times 0.15).$$

or, $$P=16000.$$

Option A is correct.

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