Aptitude Question ID : 92924

What sum will amount to 7000 Rs. In 5 years at 3\frac{1}{3}\% simple interest?
[A]5000 Rs.
[B]6300 Rs.
[C]6000 Rs.
[D]6500 Rs.

6000 Rs.
P = \frac{A\times 100}{100+r\times t}
= \frac{7000\times 100}{100+\frac{10}{3}\times 5}
=> \frac{7000\times 100 \times 3}{350} = 6000 Rs.
Hence option [C] is the right answer.

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