Question
The simple interest on Rs. 1000 at R% per annum for 2 years
is Rs. 160. Calculate the interest on Rs. 1400 at (R + 6)% per annum in 2 years.Solution
ATQ,
160 = 1000 × R% × 2
R = 160 / 20 = 8
Therefore, required interest = 1400 × (8 + 6)% × 2 = Rs. 392
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