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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 × R × T) ÷ 100

      ATQ;

      2250 = (P × 9 × 5) ÷ 100

      Or, P = 2250 ÷ 0.45

      Or, P = 5000

      Required interest = (5000 × 6 × 3) ÷ 100 = Rs. 900

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