A certain sum of money amounts to ₹1776 in 3 years and ₹1968 in 4 years. Find the principal and rate of interest.
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Answer:
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Step-by-step explanation:
Difference 1968 - 1776 = 192
Interest in 1 Year = 192
In 3 Year = 576
Reduce 3 interest on amount = 1776 -576 = 1200
Principal = 1200
Interest = 192
Rate = 16%
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