Question

A sum of money amounts to 944 in 3 years at a simple interest

Answer 1

980 – 944 = Rs. 36 25 % of interest
= 36 * 100 / 25 = 144
Hence interest of three years = Rs. 144 Therefore, principal = 944 – 144
= Rs. 800/- Rate
= 144 * 100 / 800 * 3
= 6%
Hence profit = 132 ¼ - 100
= 32 ¼ %