A sum was put at simple interest at certain rate for 3 years. Had it been put at 3% lesser ratio,it would have fetch Rs.500 less.Find the sum.

Question

A sum was put at simple interest at certain rate for 3 years. Had it been put at 3% lesser ratio,it would have fetch Rs.500 less.Find the sum.
🧐 Not the exact question you are looking for?Go ask a question

Solution 1

Sure, let's solve this step by step.

Step 1: Understand the problem The problem is about simple interest. We know that the formula for simple interest is I = PRT/100, where P is the principal amount (the sum of money), R is the rate of interest, and T is the time in years.

Step 2: Set up the equa Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob

Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv

This problem has been solved

Similar Questions

A sum was put at simple interest at certain rate for 3 years. Had it been put at 3% lesser ratio,it would have fetch Rs.500 less.Find the sum.

A sum was put at simple interest at a certain rate for 2 years. Had it been put at 4% higher rate, it would have fetched Rs. 112 more. The sum is:

A sum of money is put on CI for 2 years at 20%. It would fetch Rs 482 more if the interest is payable half yearly than if it were payable yearly. Find the sum.

A sum was invested on simple interest at a certain rate for 2 years. Had it been put at 3% higher rate, it would have fetched 72 more. The sum is

If the compound interest on a certain sum for two years at 10% p.a. is Rs. 2,100, then the simple interest on it at the same rate for two years will be

1/3