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    Question

    A cooperative society increases the annual rate of

    simple interest from 10% to 16½ %, then the yearly income of a person increases by ₹1,077.70. The simple interest (in₹) on the sum at 10% for four years will be:
    A 9,120.3 Correct Answer Incorrect Answer
    B 6,632 Correct Answer Incorrect Answer
    C 16,580 Correct Answer Incorrect Answer
    D 8,240 Correct Answer Incorrect Answer

    Solution

    The correct answer is B

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