# A sum of money amounts to rs.1008 in 2 years and amounts to rs.1164 in 3 1/2 years @ simple interest. find principal and rate of interest

2
by sravanthi96

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by sravanthi96

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sample interest for 2 years = 156*4/3 = 208

principal amount = 1008-208 = 800Rs.

208 = 800*r*2/100

208 = 16r

r = 13

rate of interest = 13% year

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