What sum of money will produce Rs.70 as simple interest in 4 years at 3 1/2 per

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Question

What sum of money will produce Rs.70 as simple interest in 4 years at 3 1/2 percent?

Options:

A . Rs.525

B . Rs.500

C . Rs.550

D . Rs.555

Answer: Option B

70 = (P*4*7/2)/100

P = 500

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