The simple interest for three years on a sum of money becomes four times, if the sum of money increases by Rs6000, the rate of interest and the time period remaining the same. Find the sum of money.
Answer (1)
X be the sum of money.
Now the money increased by 6000 in 3 years
Hence 2000 per year.
x+6000 is the total money we have.And in the question it is told that the total money we have is four times the original money we had hence 4x.
So we can say that 4x=x+6000
or x=2000.
Hence we had 2000 rs
Now the money increased by 6000 in 3 years
Hence 2000 per year.
x+6000 is the total money we have.And in the question it is told that the total money we have is four times the original money we had hence 4x.
So we can say that 4x=x+6000
or x=2000.
Hence we had 2000 rs
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