A sum of money is invested for 3 years at particular rate of interest. if the rate of interest were 3% p. a. higher, the Interest would have been Rs 1467 more. find the sum of money
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Answer:
16300
Step-by-step explanation:
We know that , S.I = PRT/100
p(r)(3) = 100I .....(1)
p(r+3)(3) = 100I + 146700 ....(2)
Subtracting equation (2) from (1) :
9p = 146700
p = 16300
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Answer:
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