Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Quantitative Aptitude Interest Simple Interest

A certain amount of money deposited in a bank becomes ₹ 1008 in 2 years and ₹ 1164 in 3\(\frac{1}{2}\) years. Find the amount deposited in the bank and the rate of interest per annum.

1
₹700, 12%
2
₹800, 13%
3
₹750, 13%
4
₹850, 13.5%
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