the simple interest accrued on a certain sum is Rs1200 in four years at the rate of 8%p.a. what would be the amount received on a sum of money, which is three times the previous sum at the rate of 6%p.a. in 3 years
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FOR FOUR YEARS ...............
principal of 4 yrs. = 1200
Rate = 8%
time = 4yrs.
ammount of 4yrs = Rate + principal
8% of 1200
8/100* 1200
= 96
The rate is ₹96
Ammount of 4 years = 96 + 1200
= 1296
FOR THREE YEARS .................
Principal = 1200
Rate = 6%
Time = 3 years
Ammount = Rate + principal
6% of 1200
6/100 * 1200
72
The rate of three years is 72
Ammount = 72 + 1200
= 1272
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