Question

a person lent out ₹ 6,500 on January 1,2018 at 5 percent p.a After some time, he got₹ 7,085 along with interest. find the data of repayment.
with full explanation will be marked as brainlist ans. ​

Answer 1

Answer:

A person lent out Rs. 16000 on simple interest for 2 years at 12.5% interest per annum.

Therefore, the sum will become after 2 years is 16000(1 +2×12.5/100 )=20000 Rs.

So, the interest he gets is Rs. (20000 - 16000) = Rs. 4000

If the person lent out the same amount on compound interest for 2 years at 12.5 % interest per annum, then the sum will become after 2 years is

16000(1 + 12.5/100)²= 20250Rs.

Therefore, the interest he gets is Rs. (20250 - 16000) = Rs. 4250

Therefore, the ratio of interest amount in simple interest and compound interest will be 4000 : 4250 = 16 : 17 (Answer)

Step-by-step explanation:

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