A sum of money amounts to rs52,080 in 2 years and to rs77,280 in 7 years, at simple intrest. Find the sum and rate percentage of interest.
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A sum of money amounts to rs52,080 in 2 years and to rs77,280 in 7 years, at simple intrest. Find the sum and rate percentage of interest.
NOT SPAM.
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hello uwu
A sum of money amounts to rs52,080 in 2 years and to rs77,280 in 7 years, at simple intrest. Find the sum and rate percentage of interest.
- P (1 + 2r / 100) = 52080
- pr = 50 (52080-p)
- p (1 + 7r / 100) = 77280
- pr = 100 (77280-p) / 7
- 50 (52080-p) = 100 (77280-p) / 7
- p = 42000.
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42000 (1 + 2r / 100) = 52080
⇒ r = 12%
I hope I've helped :3
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