in how many years the simple interest on rupees 2000 is less than the simple interest on rupees 3000 at 5% by rupees 50 ?
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Step-by-step explanation:
Simple interest is the interest calculated on the principal portion of the loan or the original contribution to the saving account
Simple Interest = (P × R × T)/100
Let the time be 'T'
ATQ,
⇒ (2800 × 7 × T)/100 - (2000 × 7 × T)/100 = 168
⇒ 196T - 140T = 168
⇒ 56T = 168
⇒ T = 168/56 = 3 years
∴The time is 3 years.
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