Sunita deposited $3000 in a bank for 3 years. Monica deposited $5000 in the same bank for the same time and at the same interest. Monica received $300 more than Sunita. find the rate of interest.
Answers
Answered by
2
X=30×£×3. - 1
X+300=50×£×3. - 2
Put value of x from eq 1 into 2
90£+300=150£
300=150£+90£
300=240£
£ or rate of interest = 30/24
£, =1.25
Answer
X+300=50×£×3. - 2
Put value of x from eq 1 into 2
90£+300=150£
300=150£+90£
300=240£
£ or rate of interest = 30/24
£, =1.25
Answer
sharmadeepak441994:
wrong answer .the answer is 5%
X=30×R×3. -( 1)
X+300=50×R×3. -( 2)
Put value of x from eq 1 into 2
90R+300=150R
300=150R-90R
300=60R
R or rate of interest = 300/60
R =5%
Answer
X+300=50×R×3. -( 2)
Put value of x from eq 1 into 2
90R+300=150R
300=150R-90R
300=60R
R or rate of interest = 300/60
R =5%
Answer
Similar questions