A sum of money lent at simple interest amounts to rs 783 in 2 years and to rs 837 in 3 years
Find the sum and the rate per cent per annum.
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Answered by
2
Step-by-step explanation:
Amount after 2 years =Rs.783
Amount after 3 years =Rs.837
Therefore,
S.I. of 1 year =837−783=Rs.54
⇒ S.I. of 2 years =54×2=Rs.108
Principal sum =783−108=Rs.675
Therefore,
S.I.=
100
PRt
⇒54=
100
675×R×1
⇒R=
675
54×100
=8%
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hope it helps you dear xd
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