Question

a sum of money invested for 3 years at 8.5% per annum simple interest amounts to rs15144 what will it amount to in 2 years 6 months at 5% per annum simple interest.

Answer 1

:15144 = p × 6 ×5 ÷ 100
:1514400 × 100 = 30p
:1514400 = 30
:1514400 ÷ 30 = p
:5480₹ = p
:.....................: