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A sum was put at simple interest at a certain rate for 3 years. Had it been put at 2% higher rate, it would have fetched Rs. 360 more. Find the sum. |
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Answer» Let sum = P and original rate = R. Then, [ (P*(R+2)*3)/100] – [ (P*R*3)/100] = 360. 3PR + 6P - 3PR = 36000 6P=36000 P=6000 Hence, sum = Rs. 6000. |
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