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Application of Simple Interest in Real Life Situations

Solve the fol...

Question

Solve the following problems.

A certain sum of money amounts to Rs. 1,512 in 2 years and Rs. 1,568 in 3 years at S.I. Find the principal and the rate of interest.

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Solution

Amount in 3 years = Rs.1,568

Amount in 2 years = Rs.1,512

Interest for 1 year= Rs.56

Interest for 2 years

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Application of Simple Interest in Real Life Situations

Standard VII Mathematics

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