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Question

SIMPLE INTEREST :

 

A certain sum is invested at simple interest at 16% p.a. for three years instead of investing at 10% p.a. for the same time period. Therefore the interest received is more by Rs.900. Find the sum?

  • Rs.5000
  • Rs.6000
  • Rs.7000
  • Rs.8000
  • None of these
Answer- A

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