Question

A sum if money was lent for 3 years at 12%per annum to Ramesh and equal sum of money was lent to suresh at same rate but for five years. If the difference in interests received from two persons is Rs. 1200,find the sum.

Answer 1

Step-by-step explanation:

s.i2 - s.i1 = Rs1200

p×12×5/100 - p×12×3/100 = 1200

12p/100 *( 5 - 3) = 1200

24p = 120000

p = Rs 5000

required Sum = Rs 5000 Answer

Answer 2

Answer:

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Step-by-step explanation:

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