Please answer this question. I will definitely mark as brainlist if the answer is appropriate and give in a step by step manner.
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Answer:
₹44800
Step-by-step explanation:
Case1
- Sum of money- P
- Interest rate- 7.5%
- Time- 2 years
- Interest amount= P*7.5*2/100= 0.15P
Case2
- Sum of money- ₹9600
- Interest rate- 10%
- Time- 3 years 6 months
- Interest amount= ₹9600*10*3.5/100= ₹3360
As per given, the interest in the case1 is twice the interest in case2:
- 0.15P=2*₹3360
- 0.15P=₹6720
- P= ₹6720/0.15
- P= ₹44800
So answer is ₹44800
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