If the simple interest on certain principal at
certain rate for 3years is Rs. 9600, then the
simple interest on the same principalat the
same rate for 5 years is
Answers
Answered by
2
Answer:
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Answered by
0
Answer:
Let P be the principal sum.
As we know that,
S.I.=
100
P×r×t
Whereas,
S.I.= Simple interest
P= Principal sum
r= Rate
t= times
Therefore,
Condition I:- For 3 years at the rate of 8% per annum.
S.I.=
100
P×8×3
.....(1)
condition II:- For 2 years at the rate of 9% per annum.
S.I.=
100
P×9×2
.....(2)
Now according to the question-
100
P×8×3
=
100
P×9×2
+96
⇒
100
P×24
=
100
(P×18)+9600
⇒24P=18P=9600
⇒24P−18P=9600
⇒P=
6
9600
=1600
Hence the sum is Rs.1600.
Hence the correct answer is 1600.
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