A sum lent on simple interest becomes ₹ 2520 in 2 years and ₹ 2700 in 5 years. Find the
sum and the rate of interest.
I want solution
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Answer:
A) 2.5 %
Description for Correct answer:
Amount after 5 years Rs.2700
Amount after 2 years Rs.2,520
Interest for3years = Rs.2700 - 2520
= Rs.180
Interest for 2 years =1803×21803×2 = Rs. 120
Sum = Rs.2520 -120
=Rs.2400
R=100IPN=100×1222400×2R=100IPN=100×1222400×2
= 10040=2 1/2%
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