Mathematics · Simple Interest
The amount payable on maturity of a certain sum invested at a certain rate of simple interest per annum for one year was ₹1,484. If the rate of interest had been 2% higher, the amount would have been ₹26.50 more. What was the interest that was paid on the sum invested at the original rate?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹159.00✓
- 2₹157.00
- 3₹161.00
- 4₹152.50
Correct answer
₹159.00
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