A sum of money lent at simple interest amounts to Rs 783 in 2 years and to Rs 837 in 3 years. Find the sum and the rate per cent per annum.
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Amount after 2 years =Rs.783
Amount after 3 years =Rs.837
Therefore,
S.I. of 1 year =837−783=Rs.54
S.I. of 2 years =54×2=Rs.108
Principal sum =783−108=Rs.675
Therefore,
- THEREFORE, RATE OF INTEREST IS 8%
- SUM IS RS 675
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2
Answer:
⇒R=
675
54×100
=8%
Step-by-step explanation:
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