Solve the following problems.

What sum will get an interest of Rs. 252 at the rate of 14% p.a in 3 years?

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Solution

Simple Interest (I) = Rs.252.

Rate (R) = 14%.

Time (T) = 3 years

Thus, an amount of Rs.600 will get an interest of Rs.252 at the rate of 14% p.a in 3 years.

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