Question 59
A sum of money at simple interest amounts to ₹815 in 3 years and to ₹854 in 4 years. The sum is:
Solution
Interest incurred in 1 year = 854 - 815 = 39 Rs.
Interest incurred over 3 years = 3 * 39 = 117 Rs.
Amount = Principal + Interest
815 = Principal + 117
Principal = 698 Rs.
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