a sum of money ammount to rs 7200 in 4 years and 7,800 in 6 years.dind simple intrest on it for 1 year
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Answer:
- Simple Interest for 1 year on the same sum of money will be ₹300.
Step-by-step explanation:
Given that:
- A sum of money amounts to ₹7200 in 4 years.
- The same sum of money amounts to ₹7800 in 6 years.
To Find:
- Simple Interest on the sum for one year.
Solution:
Amount after the end of 4 years = ₹7200
Amount after the end of 6 years = ₹7800
Now,
Simple Interest of 2 years:
Substituting the values,
Subtracting,
Hence,
- Simple Interest of 2 years = ₹600
As,
- Simple Interest for 2 years is ₹600.
Therefore,
Simple Interest for 1 year = ₹600/2 = ₹300
Hence,
- Simple Interest for 1 year = ₹300
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