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A certain sum of money is given at a certain rate of simple interest for 6 years. Had it been given at 7% higher rate, it would have fetched ₹1,512 mo...

SSC SSC CGL Tier 1 Easy Simple & Compound Interest MCQ

Question

A certain sum of money is given at a certain rate of simple interest for 6 years. Had it been given at 7% higher rate, it would have fetched ₹1,512 more. Find the sum (in ₹).

Options

A.

₹3,600

B.

₹3,100

C.

₹3,200

D.

₹4,200

simple interestinterest ratebasic arithmetic

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