the difference in simple interest on a certain sum of money at 12% p.a in 3 and 5 years is 720. find the sum
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Explanation:
simple interest for one year=2403 =Rs. 80
simple Interest for two year=80×2= Rs.160
Difference for 2 year=170−160=Rs.10
Rate \%=1080×100
=1212%
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