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In what time will ₹6000 amount to ₹7440 at 12% per annum simple interest (in years)?

Competition practiceSimple & Compound Interest
  • A3
  • B1.5
  • C2.5
  • D2

Step-by-Step Solution

SI = 7440 − 6000 = 1440; time = years.
Answer: D) 2

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