1 . A sum of money lent at simple interest amounts to Rs 2,500 in one year and 3,200 in 5 years. Find the sum of money and the rate of interest per annum.
2. Akshay had rupees 47115 in his account after 4 years and 9 months. The bank offers an interest rate of 6.5 % per annum. How much did Akshay deposit in his account initially.
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Answer:
sum of money is =2500-175=2325
rate is=7% pa
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