A sum if money lent out at simple interest amounts to rs. 5000 in 2 yrs and rs. 11000 jn 5 yrs . Find the sum of money and the rate of interest.
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Step-by-step explanation:
5000=2yrs
11000=5yrs
The sum of money =?
=5000+11000=16000
=16000x7
=52000
Rate =7
Interest=52000
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