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The simple interest on a certain sum at the rate of 12.5% per annum for 6 years is ₹13,500 less than the principal. Find the simple interest.
Question

The simple interest on a certain sum at the rate of 12.5% per annum for 6 years is ₹13,500 less than the principal. Find the simple interest.

A.

₹13,500

B.

₹54,000

C.

₹ 40,000

D.

₹ 40,500

Correct option is D

Given:
Rate of interest (R) = 12.5% per annum
Time (T) = 6 years
Simple Interest is ₹13,500 less than the principal.
Formula Used:
Simple Interest (SI) = P×R×T100\frac{P \times R \times T}{100} 
Solution:
Let the sum be x.

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