Question
A certain sum of money becomes Rs. 1560 in 1 year and
3644 in 3 years at certain rate of simple interest. Find the sum of money invested.Solution
Interest earned in 2 years = 3644 – 1560 = Rs. 2084 So the interest earned in 1 year = 2084/2 = Rs. 1042 So, the sum of money invested = 1560 – 1042 = Rs. 518
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