Question

A certain sum of money amounts to 7028 in 3 years and 8456 in 5 years. find the sum and the rate of interest

please solve it fast​

Answer 1

Answer:

R = 14.61% , Sum = 4886

Step-by-step explanation:

From question ,

P + 3PR/100 = 7028 ....(1)

Also, P + 5PR/100 = 8456

Equating above equations, we have :

PR = 71400

So, When R = 14.61 % & P = 4886 from (1)