If annual rate of simple interest increases from 10% to 15%, a man's yearly income increases by Rs.4000.His principal in(Rs)
Question
Solution 1
To find the principal amount, we need to understand that the increase in interest rate from 10% to 15% is the reason for the Rs.4000 increase in the man's yearly income. This means that the 5% increase in interest rate is equivalent to Rs.4000.
Step 1: Express the increase in interest rate as a dec Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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