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    Question

    A sum of Rs 8400 amounts to Rs 11,046 at 8.75% p.a.

    simple interest in a certain time. What is the simple interest on the sum of 9600 at the same rate for the same time?
    A 3420 Correct Answer Incorrect Answer
    B 3402 Correct Answer Incorrect Answer
    C 3024 Correct Answer Incorrect Answer
    D 3032 Correct Answer Incorrect Answer

    Solution

    Given - P= 8400, A= 11046, R= 8.75%, T=? SI = A-P=11046-8400=2646 SI= 2646 Now -SI = PRT/100 2646=8400├Ч8.75├ЧT/100 T= (2646├Ч100)/84├Ч875 T=(378├Ч4)/84├Ч5 ┬а =18/5=3.6 years so new simple interest for P= 9600, R= 8.75%, T= 3.6years then SI= (9600├Ч8.75├Ч3.6)/100 = (96├Ч36├Ч7)/8 =48├Ч9├Ч7 =3024 Rs

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