Question 73

A certain sum becomes ₹ 650 at the end of one year and ₹ 676 at the end of second year. What is the Principle :

Solution

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In  the case of simple interest each of the years have same interest.
So the interest for one year is 676-650=26
Amount=Principle+Interest
650=Principle+26
Principle=650-26
Principle=Rs 624

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