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What sum of money will yield an interest of RS405 in 3 years at 9 percent per annum?
Wiki User
∙ 10y ago
Suppose the amount is Y
then Y*(1.09)3 = Y+405
Y*(1.093 - 1) = 405
Y = 405/(1.093 - 1) = 405/0.2590 = 1372.75 (approx)
Wiki User
∙ 10y ago
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The simple interest on a sum for 5 years at 7 percent per annum is Rs800 more than the simple interest on the same sum for 3 years at 9 percent per annum find the original sum of money?
S.I. = (P x R x T)/100 where R is rate, T is time, P is Original sum and S.I. is simple interest. 800x100 = P x R x T P = 80000/(5x7) = 80000/35 = 2285.71 So, the original sum is Rs 2285.71
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The simple interest on a sum for 5 years at 7 percent per annum is Rs800 more than the simple interest on the same sum for 3 years at 9 percent per annum find the original sum of money?
S.I. = (P x R x T)/100 where R is rate, T is time, P is Original sum and S.I. is simple interest. 800x100 = P x R x T P = 80000/(5x7) = 80000/35 = 2285.71 So, the original sum is Rs 2285.71
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