Question

if the simple interest on Rs 2764 be more rhan the interest on Rs 2464 by Rs 15 in 5 years, findthe rate percent per annum ?

Answer 1

If rate =x% pa
Then..
Si on 2764 =2764*5*x/100
=138.2x
Si on 2464= 2464*5*x/100
=123.2x
Given 138.2x-123.2x=15
15x=15
X=1