Question

A sum of money lent at simple interest amounts to 17,145 in 3 years and to 19,575 in 5 years. Find the sum and the rate of interest?​

Answer 1

Answer:

9%

Step-by-step explanation:

a sum of money lent at simple interest amounts to rupees 17145 in 3 ... 19575 in 5 years find the sum and the rate of interest ... So, S.I for 3 years = 17145 - p ---- eqn 1.

The sum is Rs.13500 and rate of interest is 9%

Solution:

Let the sum be "p" and rate of interest is "r"Amount (A) = Principle (P) + Simple Interest (I) So,