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The time when simple interest on Rs.3.3 Lakhs at 6.5 % per annum is Rs. 75075 is:

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answer is A.

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Detailed Solution

Concept: The question specifies the interest rates for the principal and the sale. The simple interest formula must be changed to reflect the simple interest values, principle amount, and annual interest rate.

Hence, the correct answer is option 1.

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