Mathematics · Simple Interest
A local NGO earned Rs. 4,500 as simple interest after three years at an 'R'% per annum rate of interest on a certain principal sum. The total amount received after three years was then invested at a 15% simple interest rate for 4 years, yielding Rs. 11,700 as interest. Find the value of R.
- 17.5
- 28
- 310✓
- 412
Correct answer
10
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