Question

A certain sum of money amonts₹1344 in 3 years and ₹1440 in 5 years.Find the sum and rate of intrest.​

Answer 1

Answer:

4%

Step-by-step explanation:

2 years interest is 1440-1344=96

1 year interest is 48

so three years interest is 144

so base money is 1344-144=1200

interest is 48*100/1200=4%