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Simple Interest Practice Test 4
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© examsnet.com
Question : 15
Total: 26
After what time will the sum of Rs. 2000 become Rs. 2240 at 4% per annum simple interest?
3 years
2 years
5 years
4 years
Validate
Solution:
Here, I = 2240 – 2000 = Rs. 240
T
=
240
×
100
2000
×
4
=
3
years
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