Question

If rs.450 amounts to rs.540 in 4 years at simple interest, then what sum of money will amount to rs.637.50 in 5 years at the same rate of interest?

Answer 1

Explanation:

p=450

total amount with interest=540

interest=540-450=90

t=4

According to the formula

I=p*t*r/100

after solved you got r

then you again put

A=637.50

T=5

R=got value

I=637.50-x

according to the formula