Question

A sum of money lent at 9% for 5 yrs produces twice as much interest as 4800 in 4 1/2 yrs

Answer 1

the ans is 11852 beacase u have interest of 4.5 year so 4800/54 54 = 4.5years converted into months so get interest of one month u get 88.88 so count for 6 months 534 which u will add into the 4800 then the total interest for 5 year will come the put it in the formula p*r*t/ 100 u will get