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    Question

    Rs. 2,250 is the interest earned in 5 years at 9% per

    annum simple interest. If this amount is invested at 6% per annum for 3 years, what will be the interest earned?
    A Rs.900 Correct Answer Incorrect Answer
    B Rs.480 Correct Answer Incorrect Answer
    C Rs.620 Correct Answer Incorrect Answer
    D Rs.200 Correct Answer Incorrect Answer

    Solution

    ATQ,

    Let the invested amount be Rs. 'P'

    Formula of simple interest = (P ├Ч R ├Ч T) ├╖ 100

    ATQ;

    2250 = (P ├Ч 9 ├Ч 5) ├╖ 100

    Or, P = 2250 ├╖ 0.45

    Or, P = 5000

    Required interest = (5000 ├Ч 6 ├Ч 3) ├╖ 100 = Rs. 900

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