Question

The simple interest on a certain sum of money for 5years at 10% p.a. is Rs880 more than the S.I on the same sum at 7%p.a. for 4years. Find the sum.
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Answer 1

Answer:

Use this simple interest calculator to find A, the Final Investment Value, using the simple interest formula: A = P(1 + rt) where P is the Principal amount of money to be invested at an Interest Rate R% per period for t Number of Time Periods. Where r is in decimal form; r=R/100; r and t are in the same units of time.