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    Question

    At what % of simple interest per annum will Rs. 400

    amount to Rs. 580 in five years?
    A 5% Correct Answer Incorrect Answer
    B 9% Correct Answer Incorrect Answer
    C 4% Correct Answer Incorrect Answer
    D 6% Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    According to the question, P = Rs 400 T = 5 years ∴ 580 – 400 = (400 × R × 5)/100 ⇒ R = 18000/2000 = 9%

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