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Question 120
The simple interest on Rs. 4000 in 3 yr at the rate of $$x%$$ per annum equals to the simple interest on Rs. 5000 at the rate of 12% per annum in 2 yr. The value of $$x$$ is
Solution
As we know interest value will be=$$Principal \times \frac{rate}{100} \times time$$
So $$4000 \times \frac{x}{100} \times 3=5000 \times \frac{12}{100} \times 2$$
or $$x$$ will be=10%
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