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A sum at 1.5% SI for 8 years yields ₹3000. What is SI on the same sum at 5% for 6 years?

1. 8000
2. 7500
3. 9500
4. 6000

Correct answer: 7500

Solution

P×1.5×8/100=3000 → P=3000×100/12=25000. New SI=25000×5×6/100=7500.

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