the simple interest on a sum of money for 3 years at 11% per annum is less than the simple interest on the same sum for 4 years at 10% per annum by rupees 574 . find the sum .
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Answer:
T=2years,R=4%,S.I.=340
S.I.=
100
P×R×T
340=
100
P×2×4
34000=8P⇒4250=P
A=P(1+
100
R
)
2
A=4250(1+
100
4
)
2
A=4250×
100
104
×
100
104
A=4596.8
updeshsingh1973:
this is not a correct answer
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