Question
Simple interest earned on an amount of Rs.1250 at rate
of R% per annum after 2 years is Rs.225. Find the simple interest earned on an amount of Rs.1550 at rate of (R + 3)% per annum after 2 years.Solution
According to question, => 225 = 1250 × R% × 2 => R = 225/25 = 9 Therefore, required interest = 1550 × (9 + 3)% × 2 = Rs.372
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