Question

A certain sum of money at simple interest amounts to P1260 in 2 years and to P1350 in 5 years. The rate percent per annum is?​

Answer 1

Answer:

1260 in 2 years and to rs. 1350 in5 yrs. Rate per penny per annum is 3 years straightforward premium = 1350 - 1260 = 90 yearly premium = 90/3 = 30 sum contributed = 1260 - (30 × 2) = 1200 loan cost = 30/1200 × 100 = 2.5 %.

Step-by-step explanation:

hope you like

Answer 2

Answer:

$2.5\%$

Refer the attachment, explanation for this question is in it.

Good afternoon...

I hope this might help you with ☺