Shyam invested Rs 2,000 for 3 years and Rs3000 for 5/2 year at the same rate of the interest. he received a total interest Rs810. what was the rate of interest?
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Ans:Rs. 2520
Explanation:
Principal (here, the amount) = Simple Interest × 100/ Rate × Time
= 1575 × 100/5 × 12.5 = Rs.2520. Ans.
Explanation:
Principal (here, the amount) = Simple Interest × 100/ Rate × Time
= 1575 × 100/5 × 12.5 = Rs.2520. Ans.
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