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    Question

    A sum of money invested at 18% per annum simple interest

    for 3 years earns Rs. 540 more interest than it does when invested at 15% per annum compound interest for 2 years. Calculate the amount received when the same sum is invested at 25% per annum simple interest for 4 years.
    A Rs.3724.14 Correct Answer Incorrect Answer
    B Rs.1724.14 Correct Answer Incorrect Answer
    C Rs.3700.25 Correct Answer Incorrect Answer
    D Rs.2684.64 Correct Answer Incorrect Answer
    E none of these Correct Answer Incorrect Answer

    Solution

    ATQ, Let the principal amount be Rs. P. The amount received at 25% per annum simple interest for 4 years is:

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