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The simple interest on a sum for 2 years at a certain rate is ₹600.
If the rate had been 2% per annum higher, the interest for the same 2 years would have been ₹760.
Find the principal.

Class 7Simple InterestComparing Quantities
  • A8000
  • B4000
  • C4400
  • D3600

Step-by-Step Solution

Extra interest from the 2% rise over 2 years = 760 − 600 = ₹160. This extra = . So , giving = ₹4000.
Answer: B) 4000

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