Question
A certain sum of money becomes Rs. 1922 in 1 year and
2900 in 3 years at certain rate of simple interest. Find the sum of money invested.Solution
Interest earned in 2 years = 2900 – 1922 = Rs. 978 So the interest earned in 1 year = 978/2 = Rs. 489 So, the sum of money invested = 1922 – 489 = Rs. 1433
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