what sum of money lent at 12%per annum for 3years will produce the same interest as Rs 2250lent at 10%per annum for 4years?
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Step-by-step explanation:
2250 is the lent so for Now = Rs 2250
R = 10%
T = 4years
I = PRT/100
= 2250*10*4/100
Interest is same when R = 12%
T = 3years
P = x
I = PRT/100
900=x*12*3/100
x = 900*100
-------------
12*3
x = Rs 2500
T =3years
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