A sum of money at simple interest amount to be * 1260 in 2 yr and 1350 in 5 yr, then the rate per cent per annum is
It is true sudip bro that it is very difficult to find a true friend.
Answers
Answered by
1
1260 in 2 years and to rs. 1350 in5 yrs. Rate per penny per annum is 3 years straightforward premium = 1350 - 1260 = 90 yearly premium = 90/3 = 30 sum contributed = 1260 - (30 × 2) = 1200 loan cost = 30/1200 × 100 = 2.5 %.
Answered by
4
1260 in 2 years and to rs. 1350 in5 yrs. Rate per penny per annum is 3 years straightforward premium = 1350 - 1260 = 90 yearly premium = 90/3 = 30 sum contributed = 1260 - (30 × 2) = 1200 loan cost = 30/1200 × 100 = 2.5 %
Similar questions