Question

A sum of money amounts to rs 9800 after 5 years and rs 12005 after 8 years at the same rate of intrest the rate of intrest per annuam

Answer 1

P + Si for 5 years is equal to rupees 9800 p+si for 8 years is equal to rupees 12005subtracting 1 from 2 we get Si for 2 years is equal to rupees 2205Si for one year is equals to 2205 by 2= 1102.5 Si for 3 years is equal to 1102.5 into 3 =3307.5