a certain sum of moneny amounts to 5600 in 3 year and 6000 in 5 year . find the sum and rate of interest
Answers
Answered by
1
Answer:
rate = 5%
p = 5000
......
Answered by
1
Answer : 5000
Step-by-step explanation:
Let the sum be x and the interest be y
Let the sum be x and the interest be yThen we have
Let the sum be x and the interest be yThen we havex+3y=5600 and x+5y=6000
Let the sum be x and the interest be yThen we havex+3y=5600 and x+5y=6000By eliminating x we get
x+5y-(x+3y)=6000-5600
x+5y-(x+3y)=6000-56002y=400
y=200 = yearly interest
x=5600-3*200
x = 5000 = sum
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