Question

A sum of money lent at simple interest amount to Rs.783 in 2 years and to Rs.837 in 3 years. find the sum and the rate percent per annum​

Answer 1

Answer:  Sum is Rs. 675 and Rate of interest = 8%.

Step-by-step explanation:

Since we have given that

Amount in 2 years = Rs. 783---------(1)

Amount in 3 years = Rs. 837-----------(2)

Subtract (2) - (1), we get that

So, Simple Interest in (3-2=1) yr = Rs. 54

Simple interest in 2 years is given by

so, Principal will be

Now, we will find "Simple Interest "

Hence, Sum is Rs. 675 and Rate of interest = 8%.

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