Simple interest on certain sum at the rate of 10% per annum for 6 years and 7 years differs by Rs.6 50 what is the sum?
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Answer:
Simple interest for one year = 650
⇒
P
R
T
100
=
650
⇒
P
×
10
×
1
100
=
650
⇒
= 6500
The sum is Rs.6500.
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