A sum of money amounts to rs52,080 in 2 years and to rs77,280 in 7 years, at simple intrest. Find the sum and rate percentage of interest.
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A sum of money at simple interest amounts Rs. 2,800 in 2 years and Rs.3.250 in 5 years
∴ Interst paid in 3 years =3250−2800=450 Rupees
Annual Interest =450÷3=150 Rupees
Sum lent at the begining =2800−150×2=2500 Rupees
Rate of simple Interest =(150/2500)×100=6 percent
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