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Finding CI When Rate Compounded Annually

Find the simp...

Question

Find the simple interest for Rs. 9400 at 6% p.a. simple interest for 3 years?

Rs.1692

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Rs.1962

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Rs.1296

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Rs.1926

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None of these

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Solution

The correct option is A
Rs.1692

$S I = \frac{9400 \times 6 \times 3}{100} = R s . 1692$

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