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A sum of money at simple interest amounts of Rs 6...

This question belongs to Arithmetic Ability Interest
Interest
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A sum of money at simple interest amounts of Rs. 6,000 in 4 years and to Rs. 6,750 in 7 years at the same rate percent p.a. of interest. The sum (in Rs.) is:

Answer & Solution
Correct Answer: Option D
Simple interest for 3 years = 6750 - 6000 = 750
Simple interest for 1 year = 750 ÷ 3 = 250
Simple interest for 4 years = 4 × 250 = 1000
Sum = 6000 - 1000 = 5000
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