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    Question

    Simple interest earned at the end of 3 years on a sum of

    Rs. 5,400 is Rs. 2,025. If Rs. 4,000 is invested at same rate of simple interest for the same time period, then interest earned would be:
    A Rs. 2,480 Correct Answer Incorrect Answer
    B Rs. 1,850 Correct Answer Incorrect Answer
    C Rs. 1,500 Correct Answer Incorrect Answer
    D Rs. 2,150 Correct Answer Incorrect Answer

    Solution

    Let the rate of interest be 'r%' p.a. ATQ; 2025 = (5400 x 3 x r) ÷ 100 Or, r = 12.5 So, required interest = {(4000 x 3 x 12.5) ÷ 100} = Rs. 1,500

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