A sum of money lent at simple interest amounts to 783 in 2 years and to rs. 837 in 3 years. Find the sum and rent per cent per annum
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simple interst for 1 year = 837-783=54
therefore, sum=783-54=729
r=simple interest *100/p*n= 54*100/729*1=7.407....
answer= 7.4%
hope it is helpful for you
therefore, sum=783-54=729
r=simple interest *100/p*n= 54*100/729*1=7.407....
answer= 7.4%
hope it is helpful for you
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