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SHCIL is a public limited company and subsidiary of IFCI it was established in 1986. It is jointly promoted and owned by the all India banks and financial institutions, viz., IFCI Ltd, LIC, SU-UTI, GIC, NIA, NIC, UIC and TOICL.
A certain sum of money becomes Rs. 1300 in 1 year and 2700 in 3 years at certain rate of simple interest. Find the sum of money invested.
A sum of money doubles itself in 8 years at simple interest. In how many years will it become four times itself at the same rate of interest?