The simple interest. on a certain sum for 4 years at 9% per annum is 216 less than the simple interest
on the same sum for 3 years at 18% per annum. Find the sum.
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AnswEr :
Rs.1200.
The simple Interest on a certain sum for 4 years at 9% per annum is 216 less than the simple Interest on the same sum for 3 years at 18% per annum.
The sum.
Let the sum be R
We know that formula of the Simple Interest :
We have;
- Principal = Rs. R
- Rate = 9%
- Time = 4 years
Now, same sum for 3 years at 18% per annum.
∴ The sum is Rs.1200 .
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