A sum was put at simple interest at a certain rate for 2 years. had it been put at 4% higher rate, it would have fetched rs. 400 more. find the sum.
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Answer:
5000
Explanation:
SI%= time × rate
SI%= 4%×2=8%
given SI= 400then
8%=400
100%=400/8×100= 5000
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