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The simple interest on a certain sum at 10%  for two per annum years and three years differ by Rs. 500. Find the sum.
Question

The simple interest on a certain sum at 10%  for two per annum years and three years differ by Rs. 500. Find the sum.

A.

Rs. 5,500

B.

Rs. 5,000

C.

Rs. 6,000

D.

Rs. 4,500

Correct option is B

SimpleInterest=P×R×T100500=P×10×1100P=Rs.5000Simple Interest = \frac{P×R×T}{100}\\500= \frac{P×10×1}{100}\\P = Rs. 5000​​

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