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Byju's Answer
Standard VII
Mathematics
Sum / Principal
If the simple...
Question
If the simple interest on a certain sum of money for
15
months at
7
1
2
%
per annum exceed the simple interest on the same sum for
8
months at
12
1
2
%
per annum by Rs.
32.50
, then find the sum of money (in Rs.).
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Solution
Let the sum be
x
.
Using formula,
I
=
P
R
T
100
=
x
×
15
12
×
15
2
100
−
x
×
8
12
×
25
2
100
=
32.50
⇒
25
x
2400
=
32.50
⇒
x
=
32.50
×
2400
25
=
3120
∴
Required sum
=
Rs.
3120
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