Simple interest on a certain sum for 5 years at 8% per annum is Rs. 200-less than the simple interest on the same for 3 years 4 months at 18% per annum. Find the sum.
Answers
Answered by
2
The amount of simple interest is Rs. 300
Step-by-step explanation:
S.I. = (P × t × r)/100
Where.
P = Principal amount
r = Interest percentage
t = number of years.
Here, r = (75/1000) × 100 = 7.5
According to the question,
Simple Interest = 2000 × 2 × (7.5/100) = 300
The simple interest = Rs. 300
Thus the amount of simple interest is Rs. 300
Also learn more
WHAT IS COMPOUND INTEREST ?
https://brainly.in/question/1128320
Similar questions