Question

a sum of money is lent at simple interset which amount to Rs3192 in 3 years and to Rs3720 in 5 year . find the sum of money and the rate of interest. ​

Answer 1

Answer:

AMOUNT IN 3 YEARS =Rs3192

Amount in 5 years = Rs3720

therefore SI of 2 years =amount in 5year -amount in 3 year

=3720-3192

Rs528

now rate =(100×SI)/p*t

100×528/2×3192

ans=8.26%

hope it helps!!!