A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is:
Question
Solution 1
The difference in the amounts of money over the third and fourth years is the simple interest for one year.
So, the simple interest for one year is Rs. 854 - Rs. 815 = Rs. 39.
Since the simple interest is the same every year, the principal amount (the original sum) is Rs. 815 (the total amount af Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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