If ₹ 450 amount to ₹540 in 4 years at simple interest, find the sum that will amount to ₹ 637.50 in 5 years at the same rate of interest.
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16
Answer:
510
Step-by-step explanation:
540-450=p x r x t/100
90 =450x r x 4/100
r=5%
now
637.5-p = p x 5 x 5/100
637.5 - p = p x 1/4
637.5 = 5p/4
p = (637.5) x 4/5
p = 510
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