A sum of money lent at simple interest amounts to ₹2500 in one year and ₹3200 in 5 years. find the sum of the money and the rate of interest per annum
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150/2500)×100=6 percent
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Correct option is A)
A sum of money at simple interest amounts Rs. 2,800 in 2 years and Rs.3.250 in 5 years
∴ Interst paid in 3 years =3250−2800=450 Rupees
Annual Interest =450÷3=150 Rupees
Sum lent at the begining =2800−150×2=2500 Rupees
Rate of simple Interest =(150/2500)×100=6 percent
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