Question
Simple interest earned on an amount of Rs.1500 at rate
of R% per annum after 3 years is Rs.225. Find the simple interest earned on an amount of Rs.1550 at rate of (R + 5)% per annum after 3 years.Solution
According to question, => 225 = 1500 × R% × 3 => R = 225/45 = 5 Therefore, required interest = 1550 × (5 + 5)% × 3 = Rs.465
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