Question

A sum of money lent out at simple interest amounts to rs 720after2years and to rs 1020aftera further period 5years the sum is soution

Answer 1

step by step explanation:-

SI for 5 year =1020-720=300

SI for 1 year =300/5= 60

SI for 2 years=120

so principal = 600

now,

→ 120-600*2*R/100

→R=10%

Answer 2

Answer:

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Step-by-step explanation:

Sum of money lent out at simple interest amounts to ₹720 after 2 years and to ₹ 1020 after a further period of 5 years.

Find:

➠ Find the sum and rate of interest.

Know terms:

Calculations:

Principal - SI for (2) years:

Using formula:

Therefore the required Sum = 600 and rate = 10 %

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