Question

a sum of money amount to Rs 6676 in 2 year and Rs 7060 in 3 year at simple interest find the sum and rate of interest
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Answer 1

money amount in 2 years is = Rs 6676

1 year = 12 months

2 years = 12 × 2

= 24

sum = 6676+ 24

= 6700

money amount in 3 years is = Rs 7060

3 years = 36 months

sum = 7060+ 36

= 7096

simple interest is = 24 + 36

interest = 60

60 precent is the rate of interest.