The simple interest on some amount of money for 2 years is rs.400. If 'r' is 4% more, then the simple interest will be rs.400 more. What is the original amount of money?
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Answer:
1st Condition-
SI=PRT/100
400=2PR/100
PR=20,000--------(1)
2nd Condition-
400+400=2P(R+4)/100
800=(PR+4P)/100
4P=40,000-20,000
P=20,000/4
P=5,000/-
That Solved
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