Question

A sum of money lent at simple interest amounts to Rs 3000 in 2 years and Rs 4500 in
years. Find the sum and the rate of Interest.
5​

Answer 1

Answer:

25 % and sum is 2000

Step-by-step explanation:

Amout for two years = 3000

amount for five years = 4500

interest in 3 years = 1500

interest in one year = 1500/3 = 500 RS

now we know that 3000 is sum after two years and interest for one year is 500

so

=> 3000- 1000(2years interest)

= 2000

so the sum was 2000 and rate is

500/2000× 100

=> 25 %