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ATQ,
Let the sum invested be Rs. 'P' Since, simple interest = (sum invested X rate p.a. X time in years) ÷ 100 So, P + P X 0.05 X (18/12) = 3440 Or, 1.075P = 3440 Or, P = 3200 Required interest = 3200 X 0.05 X 8 = Rs.1,280
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