Question

The difference between simple interest on a certain sum of money for 5 year and 3 years at 5% per annum is Rs 600. Find the sum?​

Answer 1

Answer:

the sum for the given problem is Rs.6000

Answer 2

Answer:

The sum is ₹6000

Step-by-step explanation:

Let the sum be X

So, for 5 years the interest will be

X x 5 x 5/100

For 3 years the interest will be

X x 3 x 5/100

=} X x 5 x 5/100 - X x 3 x 5/100 = 600

=} 5x-3x/ 20 = 600

=} 2x = 600 x 20 = 12000

=} x = 12000/2 = 6000

Therefore the Principal is ₹6000.