Question
A certain sum of money becomes Rs. 1250 in 1 year and
3556 in 3 years at certain rate of simple interest. Find the sum of money invested.Solution
Interest earned in 2 years = 3556 – 1250 = Rs. 2306 So the interest earned in 1 year = 2306/2 = Rs. 1153 So, the sum of money invested = 1250 – 1153 = Rs. 97
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