A sum of money at simple interest amounts to rs. 14,160 in 3 years. if the rate of interest is increased by 25%, the same sum amounts to rs. 14,700 in the same time. the rate of interest is
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p (1+R/100)N
14160 (1+25/100)3
708 × 5/20 ×5/20 ×5/20
708 × 5/8
442.5
interest is RS 442.5
14160 (1+25/100)3
708 × 5/20 ×5/20 ×5/20
708 × 5/8
442.5
interest is RS 442.5
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