solve this problem please
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P(R+1) - PR=2400
PR+P-PR=2400
P=2400
PR+P-PR=2400
P=2400
TabishFatima786:
answer is 12000
Answered by
11
:-
Assuming conventional understanding of “rate” being percent return per annum there is not enough information to find a unique answer.
If r is the simple interest rate and S the original sum, your return after two years would be: S[(1+r)^2–1] = Sr^2 + 2Sr
At 1% higher your return would have been: S[(1.01+r)^2–1] = 1.0201 Sr^2 + 1.02Sr
so the difference of 24 rupees would be:
24 = S (0.0201r^2 + 0.02r)
giving you a quadratic:
2.01 Sr^2 + 2Sr - 2400 = 0
If you knew that you started with an investment of, say, 10000 rupees you could solve the quadratic:
20100r^2 + 20000r -2400 = 0
r = [-20,000 +/- sqrt (400,000,000 + 192,960,000)] / 40,200
= 0.1082 or 10.82%
but different starting values of your investment would reveal different interest rates.
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Okh
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