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Asked in PPSC, FPSC and other one-paper exams (compiled from unofficial resources).

Financial MathematicsSimple and Compound Interest

A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is _?

A.Rs. 710
B.Rs. 700
C.Rs. 690
D.Rs. 698Correct answer

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Quick fact: The principal sum is Rs. 698.

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