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Q.

Rs. 1500 is invested at a rate of 10% simple interest and interest is added to the principal after every 5 years. In how many years will it amount to Rs. 2500?


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a

Question Image

b

Question Image

c

Question Image

d

Question Image 

answer is B.

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Detailed Solution

Concept- Simple Interest can be defined as the rate of interest calculated only on the principal amount, or on that portion of the principal amount that remains is known as Simple Interest.
Given that,
At a rate of 10% SI , Rs.1500 is invested and interest will be added to the principal after every five years
Question Image Hence, the correct option is 2.
 
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