Question

a sum of money lent out At simple interest amounts to Rs 720 after 2 years and to Rs 1020 after a further period of 5 years. the sum is? ​

Answer 1

interest earned in 5 years = 300 (1020-720)

interest earned in 2 years = 120 {(300/5)x2}

sum f actual amount= 600 (720-120)