Question

A certain sum of money at S.l amounts to 500 in 3 years and to 600 in 5 yrs then the principal is ________​

Answer 1

Answer:

let principal amount is x

and yearly s.i. is y

according to question

x + 3y = 500. and

x + 5y = 600

solving the equation

y = 50

and x = 350

so principal amount is 350