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Question 72
The simple interest on a certain sum in $$5\frac{1}{2}$$ years at 6% p.a. is ₹ 2541. what will be the amount of the same sum in $$5\frac{2}{3}$$ years at $$8\frac{1}{7}$$% p.a.?
Solution
I=PTR/100
2541=P*(11/2)*(6)/100
P=(2541*200)/(66)
P=Rs 7700
I=PTR/100
I=7700*(17/3)*(57/7)/100
I=(7700*17*57)/(3*7*100)
I=RS 3553
A=P+I
A=7700+3553
A=11253
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