a sum of money at simple interest amnt rs 2240 in 2 yrs and to rs 2600 in 5 yrs what is the principal amount
Answers
Answered by
50
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
Answered by
9
Answer:
SI for 3 year = 2600-2240 = 360
SI for 2 year 360/3 * 2 = 240
principal = 2240 - 240 = 2000
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