Mathematics · Simple Interest
The total amount received on a certain sum invested at 8% p.a. simple interest for 3.5 years exceeds the simple interest earned on the same sum at the same rate for 15 years by Rs. 600. What will be the total amount (in Rs.) of the same sum in 5.5 years at double the initial interest rate under simple interest?
- 114,100✓
- 214,000
- 313,800
- 414,080
Correct answer
14,100
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