Mathematics · Simple Interest
If the simple interest on a certain sum for 18 months at 5.5% per annum exceeds the simple interest on the same sum for 14 months at 6% per annum by Rs. 62.50, then the sum is:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 8,200
- 2Rs. 6,500
- 3Rs. 5,000✓
- 4Rs. 7,000
Correct answer
Rs. 5,000
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