Mathematics · Simple Interest
The total amount payable at maturity on a certain sum invested at simple interest at 8% p.a. for 3 1 2 years exceeds the simple interest payable on the same sum at 10.5% p.a. for 12 years by ₹156. The sum (in ₹) is:
- 18,000
- 27,500
- 38,200
- 47,800✓
Correct answer
7,800
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