Question

The interest on a sum lent at the rate of 12.5% per annum for a period of 24 months is equal to 1.25 times interest on 2,800 at the rate of 8% per annum in 2.5 years. Find the sum.


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Answer 1

Answer:

what does the word lent mean here?

Answer 2

Explanation:

Given The interest on a sum lent at the rate of 12.5% per annum for a period of 24 months is equal to 1.25 times interest on 2,800 at the rate of 8% per annum in 2.5 years. Find the sum.

• So we have S.I = P x R x T / 100
• Now I1 = P x 12.5 x 2 / 100
•       I1 = 25 P / 100
• Also I 2 = 2800 x 8 x 2.5 / 100
•             = 56000 / 100
• Now according to the question
•       I 1 = 1.25 I2
•       25 P / 100 = 1.25 x 56,000 / 100
•       25 P = 70,000
•         P = 70,000 / 25
•       Or P = 2,800
• hence the sum is 2,800

Reference link will be

https://brainly.in/question/48735514