If the rate increases by 2%, the simple interest received on a sum of money increases by Rs. 108. If the time period is increased by 2 years, the simple interest on the same sum increases by Rs. 180. The sum is:

  • 1Rs. 1800
  • 2Rs. 3600
  • 3Rs. 5400
  • 4Data inadequate
Answer:- 1
Explanation:-

Solution:
Let the sum be RsxRate be R% p.a.Time be T years.Then,[x×(R×2)×T100](x×R×T100)=1082xT=10800........(i)And,[x×R×(T+2)100](x×R×T100)=1082xR=18000.......(ii)

Clearly, from (i) and (ii), we cannot the find the value of x.
So, the data is inadequate.

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Clearly, from (i) and (ii), we cannot the find the value of x.
So, the data is inadequate. ", "dateCreated": "7/24/2019 10:09:12 AM", "author": { "@type": "Person", "name": "Nitin Sir" } }, "suggestedAnswer": { "@type": "Answer", "text": "
Solution:
Let the sum be RsxRate be R% p.a.Time be T years.Then,[x×(R×2)×T100](x×R×T100)=1082xT=10800........(i)And,[x×R×(T+2)100](x×R×T100)=1082xR=18000.......(ii)

Clearly, from (i) and (ii), we cannot the find the value of x.
So, the data is inadequate. ", "dateCreated": "7/24/2019 10:09:12 AM" } }
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