Question : A sum of money at a fixed rate of simple interest amounts to INR 1630 in 3 years and to INR 1708 in 4 years. Find the sum (in INR).
Option 1: 1132
Option 2: 1296
Option 3: 1396
Option 4: 1448
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Correct Answer: 1396
Solution : The difference in the amounts after 3 years and 4 years gives us the simple interest for 1 year. The simple interest for 1 year is INR 1708 – INR 1630 = INR 78 Interest for 3 years = (78 × 3) = INR 234 The initial sum = INR 1630 – INR 234 = INR 1396 Hence, the correct answer is 1396.
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Question : A sum of money invested at a certain rate of simple interest per annum amounts to INR 14,522 in seven years and to INR 18,906 in eleven years. Find the sum invested (in INR).
Option 1: 6,850
Option 2: 6,900
Option 3: 6,800
Option 4: 6,750
Question : A sum of money at simple interest amounts to INR 1,200 in 3 years and INR 1,350 in 4 years. The sum is:
Option 1: INR 650
Option 2: INR 850
Option 3: INR 450
Option 4: INR 750
Question : A sum of money amounts to INR 767 in 3 years, and to INR 806 in 4 years on simple interest at 6% per annum. What is the sum?
Option 1: INR 600
Option 2: INR 560
Option 3: INR 675
Option 4: INR 650
Question : A certain sum amounts to INR 3,640 in 2 years and INR 4,060 in 8 years at simple interest. Find the approximate rate percentage per annum.
Option 1: 4%
Option 2: 2%
Option 3: 1%
Option 4: 3%
Question : A certain sum of money lent at simple interest amounts to INR 1,200 in 2 years and INR 1,600 in 4 years. The rate percentage per annum is:
Option 1: 20%
Option 2: 30%
Option 3: 25%
Option 4: 16%
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