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The simple interest on a certain sum for 3 years at 14% per annum is Rs. 235.20. The sum is?

Rs. 480
Rs. 560
Rs. 650
Rs. 720

Correct Answer: Rs. 560

Explanation:

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

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