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Discussion

  1. Find the sum of money will amount to Rs 900 in 4 years at 5 % per annum on simple interest?
    1. Rs 750
    2. Rs 650
    3. Rs 500
    4. Rs 550
  1. Correct Option: A

    Let the sum of money be Rs y
    So Amount = y +[( y x 5 x 4 )/100]
    But Amount = Rs 900
    ⇒ 900 = y +(20y)/100
    ⇒ 900 = 6y / 5
    ⇒ y = ( 900 x 5) /6
    = Rs 750


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