Question

a sum of money amounts to rupees 8850 years and to rupees 10206 in 6 year at the same rate of simple interest find the sum and rate of interest​

Answer 1

We can get SI of 3 years = 10206 - 8850 = 1356

SI for 6 years = (1356/3) × 5 = 2712 [so that we can get principal amount after deducting SI]

Principal = 10206 - 2712 = 7494

So rate = (100 × 2712)/(7494 × 6) = 6%

Answer 2

Answer:

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