Question

A certain sum of money borrowed at simple intrest amount to Rs 2,592 in 2 year & to Rs 2,784 in 4 year at the rate of​

Answer 1

Answer:

2400 and 4 % is the rate of interest

Step-by-step explanation:

As we know that the interest for 2 years is

2784 - 2592

= > 192 RS

now interest for one year is => 192/2

=> 96

but the amount 2592 is after two years

so the original principal was

2592 - 192

= 2400

now the rate is

96/2400×100 = 4%