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    Question

    What sum of money must be given at simple interest for 5

    months at 4% per annum in order to earn Rs. 200 interest?
    A Rs.9600 Correct Answer Incorrect Answer
    B Rs.12000 Correct Answer Incorrect Answer
    C Rs.12500 Correct Answer Incorrect Answer
    D Rs.13000 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Let the sum of money be Rs. P. SI = Rs. 200, T = 5/12 year and R = 4% SI = (P × R × T)/100 ⇒ 200 = P × (4/100) × (5/12) ⇒ P = Rs. 12000

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