the simple interest on a sum for 3 years at 10% is 2100 more than the simple interest on the same sum for 1years at 5% .find the
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A sum of Rs. 25000 becomes Rs. 27250 at the end of 3 years when calculated at simple interest. Find the rate of interest.
Solution:
Simple interest = 27250 – 25000 = 2250
Time = 3 years.
SI = PTR / 100 → R = SI * 100 / PT
R = 2250 * 100 / 25000 * 3 → R = 3%.
Solution:
Simple interest = 27250 – 25000 = 2250
Time = 3 years.
SI = PTR / 100 → R = SI * 100 / PT
R = 2250 * 100 / 25000 * 3 → R = 3%.
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