Practicing Success
Practicing Success
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If the simple interest on a certain sum of money for 4 years at the rate of 20% p.a. is Rs.6000 less than its principal then find simple interest (in Rs.). |
18000 24000 26700 25500 |
24000 |
\(\frac{P\;×\;20\;×\;4}{100}\) = P - 6000 ⇒ \(\frac{P}{5}\) = 6000 ⇒ P = 30,000 ⇒ Simple Interest = 30,000 - 6000 = 24000 |
