railway RRB JE (CBT I + CBT II) Mock Test 2024 Quantitative Aptitude Interest Simple Interest

The difference between the simple interest on a fixed amount for 7 years and on the same amount for 12 years is Rs. 2,500. If the rate of interest is 10% p.a., then the amount is:

1
Rs. 4500
2
Rs. 5000
3
Rs. 5,500
4
Rs. 6,000
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