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QUESTION
Q
The simple interest on Rs.4000 in 3 years at the rate of y% per annum equals the simple interest on Rs.5000 at the rate...
Solution
Case 1 : Simple interest on Rs.4000 in 3 years at the rate of y% per annum
Simple Interest (SI) = (4000 × 3 × y)/100 ———(1)
Case 2 : Simple interest on...
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Solution
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Keynote
Simple Interest (SI) = (P × T × R)/100
WhereP = Principal amountT = Time PeriodR = Rate of interest per annum
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