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A invested Rs P at rate of 5% p.a. for two years on simple interest and B invested Rs P+1000 at rate of 10% p.a. for three years on simple interest. If the difference between interest received by A and B is Rs 1300, then find the value of P (in Rs.)?
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A invested Rs P at rate of 5% p.a. for two years on simple interest an...
Given data:
- A invested Rs P at 5% p.a. for 2 years
- B invested Rs P+1000 at 10% p.a. for 3 years
- The difference in interest received by A and B is Rs 1300

Let's calculate the interest for A and B:

Interest for A:
Interest = (P * 5 * 2) / 100
Interest = 0.1P

Interest for B:
Interest = ((P+1000) * 10 * 3) / 100
Interest = 0.3P + 300

Given that the difference in interest is Rs 1300:
0.3P + 300 - 0.1P = 1300
0.2P + 300 = 1300
0.2P = 1000
P = 5000
Therefore, the value of P is Rs 5000.
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A invested Rs P at rate of 5% p.a. for two years on simple interest and B invested Rs P+1000 at rate of 10% p.a. for three years on simple interest. If the difference between interest received by A and B is Rs 1300, then find the value of P (in Rs.)?
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A invested Rs P at rate of 5% p.a. for two years on simple interest and B invested Rs P+1000 at rate of 10% p.a. for three years on simple interest. If the difference between interest received by A and B is Rs 1300, then find the value of P (in Rs.)? for SSC CHSL 2025 is part of SSC CHSL preparation. The Question and answers have been prepared according to the SSC CHSL exam syllabus. Information about A invested Rs P at rate of 5% p.a. for two years on simple interest and B invested Rs P+1000 at rate of 10% p.a. for three years on simple interest. If the difference between interest received by A and B is Rs 1300, then find the value of P (in Rs.)? covers all topics & solutions for SSC CHSL 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A invested Rs P at rate of 5% p.a. for two years on simple interest and B invested Rs P+1000 at rate of 10% p.a. for three years on simple interest. If the difference between interest received by A and B is Rs 1300, then find the value of P (in Rs.)?.
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