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Question
Hari invested an amount at a certain rate of interest on simple interest and he got 60% more amount after eight years. If he invests Rs. 9600 at the same rate of interest on simple interest, then find the total interest he would get after four years?
🎥 Video solution / Text Solution of this question is given below:
Given: 60% interest in 8 years using Simple Interest (SI).
So, rate (R) = (60 / 8) = 7.5% per annum
Now, SI on ₹9600 for 4 years at 7.5%:
SI = (9600 × 7.5 × 4) / 100 = ₹2880
✅ Final Answer: ₹2880
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