Mathematics · Simple Interest
A sum, when invested at 20% simple interest per annum, amounts to ₹4,800 after 3 years. What is the simple interest (in ₹) on the same sum at the same rate in 1 year?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1300
- 22,400
- 31,200
- 4600✓
Correct answer
600
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