Question

if the simple interest on a certain sum of money for 5 years at 8% per annum is₹120 more than that on the same money for 3 years at 10%per annum . find the sum​

Answer 1

Answer:

For ,

N=3years

R=5 %

We have S.I.=

100

PNR

​

=Rs600

=>

100

P×3×5

​

=600

=>P=Rs4,000

And on interest being compounded for 2 years, Amount=P(1+

100

R

​

)

N

=4,000×(1+

100

5

​

)

3

=4,000×1.05

3

=Rs4,630.50

So, C.I.=A−P=Rs4,630.50=Rs4,000=Rs630

Step-by-step explanation: