the simple interest on a certain sum for 7/2 years at 12% per annum is ₹98 more than the simple interest on the same sum for 5/2 years at 14% per annum . find the sum
Answers
Answered by
43
Answer:
Let the Required Sum for both case be P.
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Answered by
53
Answer:
Step-by-step explanation:
Solution :-
We know that,
Simple Interest = Principal × Rate × Time
Now,
According to the Question,
Let P be the sum of interest.
SI₁ - SI₂ = 98
Putting all the values, we get
⇒ P × R₁ × T₁/100 - P × R₂ × T₂/100 = 98
⇒ P × 12 × 7/2/100 - P × 14 × 5/2/100 = 98
⇒ P × 6 × 7/100 - P × 7 × 5/100 = 98
⇒ 42P/100 - 35P/100 = 98
⇒ 42P - 35P/100 = 98
⇒ 7P/100 = 98
⇒ P = 98 × 100/7
⇒ P = Rs. 1400
Hence, the sum of the interest is Rs. 1400.
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