Question

a certain sum of money amounts to 7028rupee in 3years and 8456rupees in 5years . find the sum and the rate of interest​

Answer 1

Answer:

R = 14.61%

Sum = 4886

Step-by-step explanation:

Given:  

P + 3PR/100 = 7028  

Also, P + 5PR/100 = 8456  

Equating:  

PR = 71400  

So, When R = 14.61 % & P = 4886