Question

Sameer lent equal sums of money at 5 and 1/2 percent and 4 percent per annum respectively for a period of 3 years. If he earned 72 rs. more for the money lent out at 5 and 1/2 percent, find the sum of money lent at 4 percent

PLS ANSWER ITS URGENT

Answer 1

Difference of 11/2% and 4% in 3 years=72

then

(PRT/100)-(PRT/100)=72

P(RT-RT)=7200

P(11/2×3-4×3)=7200

P(33/2-12)=7200

P(33-24)=7200×2

9P=7200×2

P=14400/9

P=1600

Ans-1600