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    Question

    An amount becomes four times of itself in 30 years at

    simple interest. Find the value of (7R βˆ’ 40).
    A 70 Correct Answer Incorrect Answer
    B 30 Correct Answer Incorrect Answer
    C 45 Correct Answer Incorrect Answer
    D 20 Correct Answer Incorrect Answer

    Solution

    Let the amount invested be Rs. 'p'.
    Interest earned = 4p βˆ’ p = Rs. 3p
    Simple interest = Principal Γ— Rate Γ— Time Γ· 100
    So, 3p = p Γ— R Γ— 30 Γ· 100
    Or, R = (3 Γ— 100) Γ· 30 = 10
    Required value = 7 Γ— 10 βˆ’ 40 = 70 βˆ’ 40 = 30

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