Question

2. The difference between simple interest on a sum of money for 5 years and for 3 years at 5% per annum
is 600. find the sum​

Answer 1

Step-by-step explanation:

S.I = (P×R×T)/100

(P×5×5)/100 - (P×5×3)/100 = 600

25P/100 - 15P/100 = 600

25P - 15P = 60000

10P = 60000

P = 6000