A sum becomes Rs. 3000 at the rate of 12% per annum (simple interest). The same sum becomes Rs. 3300 at the rate of 15% per annum (simple interest) in the same duration. Find the sum and the duration.

🎲 Try a Random Question  |  Total Questions in Quiz: 28  |  🧠 Study this quiz with Flashcards
This question is part of a full practice quiz:
Business Mathematics Practice Test: Interest — practice the complete quiz, review flashcards, or try a random question.


A sum becomes Rs. 3000 at the rate of 12% per annum (simple interest). The same sum becomes Rs. 3300 at the rate of 15% per annum (simple interest) in the same duration. Find the sum and the duration.