Math Problem Statement

Sum of rupees 25000 amount to rupees 40000 in 8 years at certain rate of interest what will be the simple interest on on the same sum for 7 year at double the interstate

Solution

Ask a new question for Free

By Image

Drop file here or Click Here to upload

Math Problem Analysis

Mathematical Concepts

Simple Interest
Rate of Interest
Direct Proportionality

Formulas

Amount formula: A = P + SI
Simple Interest formula: SI = (P × R × T) / 100

Theorems

Simple Interest Theorem

Suitable Grade Level

Grades 8-10