Question

If the simple interest on a certain sum of money for 4 years at 5% is the same as the simple interest on $560 for 10 years at 4% then the sum of money is si

Answer 1

Here is your answer

SI for I =Px5x4/100

SI for II = 560 x 4x10/100

AS BOTH SI IS SAME

Px20/100 = 560x 40/100

P = 560x 40/20

P = 1120

Principal = Rs 1120 Answer

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