A sum of amount $X$ earns simple interest of Rs. 1250 after 7 years. Had the interest been 2% more, how much more interest would it have earned?

Rs. 400

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Rs. 450

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Rs. 625

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Insufficient information

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Solution

The correct option is D
Insufficient information

We need to know the S.I., principal and time in both the cases to find the rate.

Since the principal is not given, so data is inadequate.

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A sum of amount X earns simple interest of Rs. 1250 after 7 years. Had the interest been 2% more, how much more interest would it have earned?

The correct option is D Insufficient information We need to know the S.I., principal and time in both the cases to find the rate. Since the principal is not given, so data is inadequate.

A sum of amount $X$ earns simple interest of Rs. 1250 after 7 years. Had the interest been 2% more, how much more interest would it have earned?

The correct option is D
Insufficient information

We need to know the S.I., principal and time in both the cases to find the rate.

Since the principal is not given, so data is inadequate.