A man takes a loan of some amount at some rate of simple interest. Aft

1.	A man takes a loan of some amount at some rate of simple interest. After three years, the amount is doubled and rate of interest is decreased by 2%. After 5 years, if the total interest paid on the whole is 13,600 which is equal to the same when the first amount was taken for 23/2years. Find out the loan taken initially.
Answer» ong>ANSWER: Answer. A man takes a loan of some amount at some rate of simple INTEREST. After three years, the amount is doubled and rate of interest is DECREASED by 2%. After 5 years, if the total interest PAID on the whole is 13,600 which is equal to the same when the FIRST amount was taken for 34/3 years.

A man takes a loan of some amount at some rate of simple interest. After three years, the amount is doubled and rate of interest is decreased by 2%. After 5 years, if the total interest paid on the whole is 13,600 which is equal to the same when the first amount was taken for 23/2years. Find out the loan taken initially.

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Answer. A man takes a loan of some amount at some rate of simple INTEREST. After three years, the amount is doubled and rate of interest is DECREASED by 2%. After 5 years, if the total interest PAID on the whole is 13,600 which is equal to the same when the FIRST amount was taken for 34/3 years.

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