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If the rate increases by 2% the simple i...

If the rate increases by 2% the simple interest received on a sum of money increase by 108. If the time period is increased by 2 years, the simple interest on the same sum increases by Rs180. The sum is?

A

1800

B

3600

C

5400

D

Data inadequate

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The correct Answer is:
D
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If the rate increases by 2%, the simple interest received on a sum of money increases by Rs 108. If the time period is increased by 2 years, the simple interest on the same sum increases by Rs 180. The sum is: (a) Rs 1800 (b) Rs 3600 (c) Rs 5400 (d) Data inadequate

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