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If the total Simple Interest on a sum of Rs. P at 10% p.a. for four years and Rs. P+300 at same rate for same time is Rs.280, then find the value of P
Question


If the total Simple Interest on a sum of Rs. P at 10% p.a. for four years and Rs. P+300 at same rate for same time is Rs.280, then find the value of P?

A.

360 Rs.

B.

200 Rs.

C.

300 Rs.

D.

240 Rs.

E.

280 Rs.

Correct option is B


Total simple interest of four years at 10% = 10 ×4=40%
ATQ -
P×40/100+(P+300) ×40/100=280
0.80P = 280 -120
P = 200 Rs.

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