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The interest earned when Rs. 'P' is invested for four years in a scheme offering 9% p.a. simple interest is more than the interest earned when the same sum(Rs. P) is invested for two years in another scheme offering 12% p.a. simple interest - by Rs. 360. What is the value of P ?

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The interest earned when Rs. 'P' is invested for four years in a scheme offering 9% p.a. simple interest is more than the interest earned when the same sum(Rs. P) is invested for two years in another scheme offering 12% p.a. simple interest - by Rs. 360. What is the value of P ?






 
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