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    In what time will a sum of ₹ 6,400 amount to ₹ 7,168 at 6% simple interest per annum?
    Question

    In what time will a sum of ₹ 6,400 amount to ₹ 7,168 at 6% simple interest per annum?

    A.

    2.5 years

    B.

    4 years

    C.

    2 years

    D.

    3 years

    Correct option is C

    Given:

    Principle sum = ₹6400

    Amount = ₹7168

    Rate of interest =6%

    Formula Used:

    SI=P×r×t100SI =\frac{P \times r \times t}{100}​​

    Solution:

    Interest = 7168 -6400 = ₹768

    768=6400×6×t100768 = \frac{6400 \times 6 \times t}{100}​​

    t= 768×1006400×6\frac{768 \times 100 }{ 6400 \times 6}​ = 2 years

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