A sum of money in 3 years becomes 1344 and in 7 years it becomes Rs. 1536. What is the principal sum where simple rate of interest is to be unchanged?
Question
Solution 1
To solve this problem, we need to use the formula for simple interest which is I = PRT/100, where I is the interest, P is the principal amount, R is the rate of interest, and T is the time in years.
From the problem, we know that a sum of money becomes Rs. 1344 in 3 years and Rs. 1536 in 7 years. T Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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