Question

the amount ( principal along with interest) of some money becomes rupees 496 in 3 year and rupees 560 in 5 year the same rate of simple interest in percent per annum. By calculating, let us write the principle and the rate of simple interest in percent per annum​

Answer 1

Answer:

Given, A=496 Rs., R=4%

T=6 years

S.I.=A−P

100

PRT

=A−P

=

100

P×4×6

=496−P

P+0.24P=496

1.24P=496

P=

1.24

496

=400 Rs.