A Sum of money lent at simple interest amount to₹783 in 2 years and to ₹837
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Answer:
Amount after 2 years =Rs.783
Amount after 3 years =Rs.837
Therefore,
S.I. of 1 year =837−783=Rs.54
⇒ S.I. of 2 years =54×2=Rs.108
Principal sum =783−108=Rs.675
Therefore,
S.I.=
100
PRt
⇒54=
100
675×R×1
⇒R=
675
54×100
=8%
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