The sum which will earn a simple interest of ₹ 126 in 2 years at 14% per annum is
(a) ₹ 394 (b) ₹ 395 (c) ₹ 450 (d) ₹ 540
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Solution:-
(c) ₹ 450
From the question it is given that,
SI = ₹ 126
Time = 2 years
Rate = 14%
Then, we know the formula of Simple interest I = (P × R × T)/100
126 = (P × 14 × 2)/100
P = 12600/(14 × 2)
P = ₹ 450


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