Math Problem Statement

A Person invested Rs 12800 and annual rate of C.I increases from X% to (x+7.5)% then the interest earned in 2 yrs increase by Rs 2232. The CI on the sum at (x - 5)% for 2 yrs is?

Solution

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Math Problem Analysis

Mathematical Concepts

Compound Interest
Percentage
Algebra

Formulas

Compound Interest Formula: A = P(1 + r/n)^(nt)
Increase in Interest: CI_new - CI_old = Rs 2232

Theorems

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Suitable Grade Level

Grades 9-12