A sum of money invested at 12% p.a simple interest amount to Rs. 37200 in 2 years. What will it
amount to in 3 years at 10% p.a.
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Answer:
According to the problem,
Let sum be P
R=6%
Time=Tyears
S.I=
100
P×6×T
S.I=Rs960
100
P×6×T
=960
P×T=16000----------------(1)
Now For sum
Sum=RsP,R=6%,T=5years
S.I=
100
P×6×(T+5)
=2160
100
P×6×T
+
100
P×6×5
=2160
100
16000×6
+
100
P×30
=2160
100
P×30
=2160−960
100
P×30
=1200
P=
30
1200×100
=Rs.4000
Therefore the Sum is Rs, 4000
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