Question

A sum of money amount to rs6200 in 2 years and rs7400 in 3 years.what is the principle and the rate of interest​

Answer 1

7400-6200=1200

12002(Years)=2400

P=6200-2400

P=3800

Now Rate:

I=S-P

I=7400-3800

I=3600

I=Prt

3600=38003t

t=0.31%

t=31.5789

Answer 2

Hope it will help you...