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    Question

    The simple interest received on a certain sum is Rs. 400

    less than the sum invested. If the sum was invested at 15% p.a. for 5 years, then find the simple interest received.
    A Rs. 1200 Correct Answer Incorrect Answer
    B Rs. 1250 Correct Answer Incorrect Answer
    C Rs. 1240 Correct Answer Incorrect Answer
    D Rs. 1290 Correct Answer Incorrect Answer

    Solution

    Let the sum invested be Rs. x Therefore, simple interest received = Rs. (x тАУ 400) According to the question, {(x ├Ч 15 ├Ч 5)/100} = x тАУ 400 => 0.75x = x тАУ 400 => 0.25x = 400 => x = 400/0.25 = 1600 Therefore, simple interest received = x тАУ 400 = 1600тАУ 400 = Rs. 1200

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