Question

a sum of money lent at 8% per annum simple interest for 5 years yields a certain amount of interest. had it been lent for 7 years, it would have yielded rs 960 more. find the sum​

Answer 1

Step-by-step explanation:

7-5=2

960÷2=480

sum ×8×1/100=480

sum=48000/8=6000

correct ans is 6,000

if we checked diff in interest in 5 yr and 7 yr it's 960 as denoted in question...

6000×8×5/100=2400

6000×8×7\100=3360

3360-2490=960...