The simple interest on a certain sum for 3 years at 8% per annum is ₹ 96 more than the simple interest on the same sum for 2 years at 9% per annum. Find the sum.
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The simple interest on a certain sum for 3 years at 8% per annum is Rs. 96 more than the simple interest on the same sum for 2 years at 9% per annum. Find the sum.
Let the required sum be Rs. x. Then,
SI on Rs. x at 8% p.a. for 3 years
SI on Rs. x at 9% p.a. for 2 years
Hence,
Hence, the required sum is Rs. 1600.
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