A certain sum of money lent out at SI amounts to Rs.616 after 2 years and to Rs.715 after a
further period of 3 years. Find the sum and the rate %.
1] Sum Rs.500 Rate 6%
2] Sum Rs.550 Rate 10%
3] Sum Rs.600 Rate 6%
4] Sum Rs.550 Rate 6%
Answers
Answered by
2
Answer:
S.I for 5 years = 1020 - 720 = 300..... [Amount for 2 years = 720, A for 7 years = 1020, the difference gives S.I for 5 years]
S.I for each year = 300/5 = 60
Amount after 2 years = 720
S.I for 2 years = 120
Hence P = 720 - 120 = 600
S.I = P*R*T/100
60 = 600*R*1/100
R = 10%
Hence, Sum = 600 and rate% = 10
Hope it helps
Read more on Brainly.in - https://brainly.in/question/2978764#readmore
Step-by-step explanation:
Similar questions