a certain sum amounts to rupees 5916 in 3 years and to Rs 6960 in 5 years at simple interest find the sum and the rate percent per annum
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Answer:
p=4350, r=12%
Step-by-step explanation:
let p=5916
after 2 yrs s.i=6960-5916=1044
in 3 yrs s.i=1044×3/2=1566
so actual principal=5916-1566=4350
let rate=r
1566=4350×r×3/100
r=12%
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