Question

A sum of money lent of 8% per annum simple interest foee 5year yielss a certain amount of interest has it been for 7 year it would have yyield rupees 960 more find the sum

Answer 1

Answer:

sum is rs 6,000

Step-by-step explanation:

7-5=2

960÷2=480

sum ×8×1/100=480

sum=48000/8=6000

correct ans is 6,000

if we checked diff in interest in 5 yr and 7 yr it's 960 as denoted in question...

6000×8×5/100=2400

6000×8×7\100=3360

3360-2490=960...

my ans is correct...