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Discussion

A sum becomes Rs. 3000 at the rate of 12% per annum (simple interest). The same sum becomes Rs.  3300 at the rate of 15% per annum (simple interest) in the same duration. Find the sum and the duration.

  • A.Rs. 2000 and 20 years
  • B.Rs. 1900 and 8.25 years
  • C.Rs. 1500 and 7 years
  • D.Rs. 1800 and 5.5 years

Answer: D

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