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We can say that Let monthly income of Vicky and Vinnay be Rs. 7x and Rs. 9x, respectively. ATQ, (7x –6200)/(9x – 7800) = 3/4 28x – 24800 = 27x – 23400 x = 1400 Savings of Vicky = 7x – 6200 = 9800 – 6200 = Rs. 3600 Savings of Vinnay = 9x – 7800 = 12600 – 7800 = Rs. 4800 Hence Required difference = 4800 – 3600 = Rs.1200
A sum of money becomes ₹12,000 in 2 years and ₹14,400 in 4 years at simple interest. What is the rate of interest per annum?
A sum is lent on compound interest for 2 years at 11% p.a. If the compound interest on the sum is Rs.3713.6, find the sum.
A sum lent out at simple interest amounts to 6076 in 1 year and 7504 in 4 years. The sum and the rate of interest p.a. are respectively
What sum of money must be given at simple interest for 8 months at 4% per annum in order to earn Rs. 320 interest?