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    Question

    What sum (in ₹) will earn a simple interest of ₹240

    in 4 years at 12% per year rate of interest?
    A 750 Correct Answer Incorrect Answer
    B 500 Correct Answer Incorrect Answer
    C 250 Correct Answer Incorrect Answer
    D 1000 Correct Answer Incorrect Answer

    Solution

    Given: Simple Interest (SI) = ₹240 Time = 4 years Rate = 12% per year Let Principal = P Formula:

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