in a certain time rupees 1200 becomes 1560 at 10% per annum simple interest and principal amount that will become rupees 2232 at 8% per annum in the same time is
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Answer:
Rs 1800
Step-by-step explanation:
in a certain time rupees 1200 becomes 1560 at 10% per annum simple interest and principal amount that will become rupees 2232 at 8% per annum in the same time is
P = Rs 1200
R = 10 % per annum
Simple interest = 1560 - 1200 = Rs 360
T = time in Years
Simple interest = P * R * T /100
=> 360 = 1200 * 10 * T/100
=> T = 3
P = ?
R = 8 % per annum
T = 3
Simple interest = 2232 - P
=> 2232 - P = P * 8 * 3 /100
=> 2232 - P = 0.24P
=> 2232 = 1.24P
=> P = 1800
Rs 1800 will become Rs 2232 at 8% per annum in 3 Years
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