Mr. Phanse invests an amount of Rs. 25, 200 at the rate of 4 p.c.p.a. for...

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Mr. Phanse invests an amount of Rs. 25, 200 at the rate of 4 p.c.p.a. for 6 years to obtain a simple interest. Later he invests the principal amount as well as the amount obtained as simple interest for another 4 years at the same rate of interest. What amount of simple interest will he obtain at the end of the last 4 years? 1. Rs. 4,998 2. Rs. 4,950 3. Rs. 5,000 4. Rs. 4,800 None of these 5. Mr. Phanse invests an amount of Rs. 25, 200 at the rate of 4 p.c.p.a. for 6 years to obtain a simple interest. Later he invests the principal amount as well as the amount obtained as simple interest for another 4 years at the same rate of interest. What amount of simple interest will he obtain at the end of the last 4 years? 1. Rs. 4,998 2. Rs. 4,950 3. Rs. 5,000 4. Rs. 4,800 None of these 5.

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Solution 3 Formula rxn The simple interest is given by SI ... View the full answer