the amount by simply interest of a certain principle is Rs.19840 for two years and Rs.21760 for 3 years . find the principal and rate of simple interest
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Si from 2nd year to3rd year=21760-19840=1920
Si will be same over the years and
Sum 2 years ago will be 19840-1920-1920=16000=PRINCIPAL
Rate =(SI/SUM)*100=(1920/16000)*100=12%
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