Question
A sum of money invested at 18% per annum simple interest
for 3 years earns Rs. 540 more interest than it does when invested at 15% per annum compound interest for 2 years. Calculate the amount received when the same sum is invested at 25% per annum simple interest for 4 years.Solution
ATQ, Let the principal amount be Rs. P. The amount received at 25% per annum simple interest for 4 years is:
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