the simple interest on a sum of money for 5 years at 7% p.a is Rs 800 more than the simple interest on the same sum of 3 years at 9% per annum find the original sum
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Answer:
10000
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Let the original sum i.e. principal amount be x
Now, for first condition:- P= x, R= 7%, T= 5 Years
So, from formula, SI = (P*R*T)/100
SI = (x*7*5)/100 ..... (i)
Again for second condition:- P = x, R = 9%, T = 3 years
SI = (x*9*3)/100 ......(ii)
According to the question, SI on the original sum is 800 more,
so, (x*7*5)/100 = (x*9*3)/100 + 800
-- 35x/100 = (27x + 80000)/100
-- 35x = 27x + 80000
-- 8x = 80000
-- x = 10000
Hence, the original amount is Rs 10000
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