Question

A sum of money amounts to 2240 in 2 years and 2600 in 5 years. What is amount of sum​

Answer 1

Step-by-step explanation:

2240+2600

4840

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Answer 2

Answer:

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Step-by-step explanation:

Principal + interest for 2 years = 2240 ---------1

Principal + interest for 5 years = 2600 --------2

Subtracting 1 from 2 = 2600 - 2240 = 360

interest for three years = 360

so interest for 1 year = 360/3 = 120

interest for 2 years = 2 x 120 = 240

Principal for 2 years = 2240

Interest for 2 years = 240

Principal = 2240 - 240 = 2000