ria lent 6500 to priya for 3 years and 5600 to ananya for 5 years on simple interest at the same rate of interest and recieved 4750 in all from both of them as interest. Find the rate of interest per annum
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a sum amount rupees5600 in 4year and rs 6400 in 6year at a certain rate of simple intrest. find the rate of intrest per annum of the sum
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Answer:
Sum of money → II year Rs. 4000 → III year Rs. 5000
There is increase of Rs. 1000 in 1 year due to interest
1000=
100
4000×R×1
∴R=25% per annum.
[S.I.=
100
P.R.T
]
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