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If simple interest on a certain sum of money for 6 years at 5% per annum is same as the simple interest on Rs. 650 for 9 years at the rate of 12% per annum then the sum of money is
  • a)
    Rs.2340
  • b)
    Rs.3240
  • c)
    Rs.2400
  • d)
    Rs.3500
  • e)
    None of these
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
If simple interest on a certain sum of money for 6 years at 5% per ann...
Answer – A.Rs.2340 Explanation : X *6*5/100 = 650*12*9/100
30x/100 = 70,200/100 30x = 70200 X = 2340
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Most Upvoted Answer
If simple interest on a certain sum of money for 6 years at 5% per ann...
Answer – A.Rs.2340 Explanation : X *6*5/100 = 650*12*9/100
30x/100 = 70,200/100 30x = 70200 X = 2340
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Community Answer
If simple interest on a certain sum of money for 6 years at 5% per ann...
Given, Simple interest on a certain sum of money for 6 years at 5% per annum is the same as the simple interest on Rs. 650 for 9 years at the rate of 12% per annum.

Let the sum of money be Rs. x.
Then, Simple interest on x at 5% for 6 years = Simple interest on Rs. 650 at 12% for 9 years.

⇒ (x × 5 × 6) / 100 = (650 × 12 × 9) / 100
⇒ 30x = 7020
⇒ x = 234

Therefore, the sum of money is Rs. 2340.
Hence, option (a) is the correct answer.
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If simple interest on a certain sum of money for 6 years at 5% per annum is same as the simple interest on Rs. 650 for 9 years at the rate of 12% per annum then the sum of money isa)Rs.2340b)Rs.3240c)Rs.2400d)Rs.3500e)None of theseCorrect answer is option 'A'. Can you explain this answer?
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