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A sum of money at simple interest amounts to Rs. 810 in 3 years and to Rs. 850 in 4 years. The sum is

Solution

✅ Correct Option: 1

Under simple interest the yearly interest is constant.

Interest for 1 year =850−810=40= 850 - 810 = 40.

Interest for 3 years =120= 120.

Principal =810−120== 810 - 120 = Rs. 690690.

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