A sum of money was invested at the rate of 7.5% simple interest per annum for 4 years. If the investment was for 5 years, the interest earned would have been Rs. 375 more. What was the initial sum invested?
Consider the statement true and decide which of the conclusions can definitely be drawn.
Statement: People think that paying tax to the government is a burden and waste. Hence, they avoid paying tax or don't pay tax promptly.
Conclusions:
1. Government should create awareness among the people that paying tax helps to build nation.
2. Tax should be increased so that more money is collected.
