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
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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
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