Interest on a certain sum of money at 8% per annum for 2 1/2 years is ₹400. Find the sum.
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Answer:
Description for Correct answer:
Given, SI1−SI2 = 110, T1 = 2 yr,
T2=1yr, R1=8%, R2=5%
According to the question,
P×8×2100−P×5×1100=110
=> 11P100=110
P= RS.1000
Step-by-step explanation:
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Principal=Rs.1000 is your answer
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