Practicing Success
A certain sum (in ₹)is invested at simple interest at y% per annum for at $3\frac{1}{2}$ years. Had it been invested at (y + 4) % per annum at simple interest, it would have fetched ₹4,452 more as interest. What is the sum? |
₹30,400 ₹31,800 ₹42,800 ₹42,400 |
₹31,800 |
Difference of Rate of 1 year = 4% Difference of Rate of \(\frac{7}{2}\) years = 4% × \(\frac{7}{2}\) = 14 % ⇒ 14% = Rs 4452 ⇒ 100%= Rs 4452 × \(\frac{100}{14}\) = Rs. 31800
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