A certain sum of money is given at a certain rate of simple interest for 6 years.
A certain sum of money is given at a certain rate of simple interest for 6 years. Had it been given at 7% higher rate, it would have fetched ₹1,512 more. Find the sum (in ₹).
किसी धनराशि को 6 वर्षों के लिए साधारण ब्याज की एक निश्चित दर पर निवेश किया गया। यदि वही धनराशि 7% अधिक वार्षिक ब्याज दर पर निवेश की जाती, तो ₹1,512 अधिक साधारण ब्याज प्राप्त होता। उस धनराशि (₹ में) का मान ज्ञात कीजिए।
Detailed Solution & Logic
3,600
Given,
Difference in rate = 7%
Time = 6 years
Extra Simple Interest = ₹1512
Using,
SI = $\frac{P \times R \times T}{100}$
So,
$\frac{P \times 7 \times 6}{100} = 1512$
$\frac{42P}{100} = 1512$
$P = \frac{1512 \times 100}{42} = 3600$
Answer: ₹3,600
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