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      Question

      A sum of money placed at simple interest becomes Rs. 14,400

      in 4 years and Rs. 18,000 in 7 years. What is the initial amount invested?
      A Rs. 5,650 Correct Answer Incorrect Answer
      B Rs. 9,600 Correct Answer Incorrect Answer
      C Rs. 3,600 Correct Answer Incorrect Answer
      D Rs. 6,150 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      ATQ,

      Interest earned in 3 years = 18,000 - 14,400 = Rs. 3,600

      Interest earned in 4 years = (3,600 / 3) Γ— 4 = Rs. 4,800

      So, amount invested = 14,400 - 4,800 = Rs. 9,600

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