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Simple interest

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  1. The simple interest on a certain sum for 3 years at 14% per annum is Rs. 235.20. The sum is ?
    1. Rs. 480
    2. Rs. 560
    3. Rs. 650
    4. Rs. 720
Correct Option: B

Required sum = Rs. (100 x SI ) / ( T x R )
= (100 x 235.20) / (3 x 14)
= Rs. 560


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