Question

find the simple interset on rs 2250 for 5/2 year at the same rate on which rs 5250 amounts to rs 5932.50 in7/2 yeas

Answer 1

• finding interest rate on rus 5250 to rus 5932.50 in 7/2 years

5932.50 - 5250 = 682.5

Rate=682.5*100 / 3.5*5250

rate=3.7%

• Now finding interest on rus 2250 for 2.5 year at rate of 3.7%

3.7* 2.5 * 2250 = x*100

x=208.125= S.I for 2.5 years

y-2250=x

y=x+2250

Simple interest=y=2458.125 rus