Question

a sum of money amount 52080 in 2 years and to 77 280 in 7 years at simple interest.find the sum and rate percentage of interest?

Answer 1

Solutions :-

Given :

Principle + Interest for 7 years = ₹ 77280
Principle + Interest for 2 years = ₹ 52080

Find the Interest for 5 years :-

Interest for 5 years = ₹ (77280 - 52080) = ₹ 25200

Find the Interest for 2 years :-

Interest for 1 years = ₹ (25200/5) = ₹ 5040
Interest for 2 years = ₹ (5040 × 2) = ₹ 10080

Find the principle :-

Principle = 52080 - Interest for 2 years
= ₹ (52080 - 10080 )
= ₹ 42000

Find the rate percent :-

Rate = (100 × Interest for 2 years)/(principal × time) %
= (100 × 10080)/(42000 × 2) %
= 1008000/84000 %
= 12 %

Hence,
Principle = ₹ 42000
Rate percent = 12 %

_______________________

✯ @shivamsinghamrajput ✯