A sum of money amounts to 50,080 in 2 year and to 77,280 in 7 years, at simple interest. find the sum and percentage of interest
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Answer:
5 yrs S.I=77280-50080=27200
1yrinterst=27200/5=5440
2yrs. : ".. = 10880
Principal = 50080-10880 = 3 9200
Sum=Rs39200
% of interest=5440x100/39200
13.88%.
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