Question

a sum was put at simple interest at a certain rate of 2 years had it been put at 1% higher rate it would fetch rupees 24 more the sum is​

Answer 1

The sum is Rs 1200

Step-by-step explanation:

Let sum be P

A sum was put at simple interest at a certain rate of 2 years.

Let rate be r%

Simple interest = 2Pr

A sum was put at simple interest at 1% higher rate of 2 years.

Let rate be (r+1)%

Simple interest = 2P(r+1)

Change in simple interest = 24

2P(r+1) - 2Pr  = 24

2P(1%)=24

P = 1200

#BAL

Answer 2

Answer:

the correct ans rs 12000