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Simple Interest
Simple interest on a sum for eight months at 6% per annum is Rs 340.What is the value (in Rs) of sum?
8500
9500
8000
6800
Correct Answer:
8500
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Simple Interest
Ravi invested Rs.P in a scheme A offering simple interest at 10% p.a. for two years. He invested the whole amount he received from scheme A, in another scheme (B) offering simple interest at 12% p.a. for five years. If the difference between the interests earned from schemes A and B was Rs. 13,00/, what is the value of P ?
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