Question

15. A certain sum of money was invested at a certain rate for 3 years. Had it been
invested at 2% higher rate, it would have fetched 360 more. Find the sum.
narts
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Answer 1

Answer:

Let Sum P was invested for time 2 years.

First Rate = R

Second rate = R +3

Difference = 450

[PT(R +3) - PTR]/100 = 450

PTR + 3PT - PTR = 450 *100

PT = 15000

P *2 = 15000

P = 7500.

Sum = Rs. 7500.

hey mate you can do the same with difference=360.

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