the simple interest of a certain sum for 8 months at 4% is rupees 129 less than the simple interest on the same sum for 15 month at 5% per annum what is the sum ?
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Answer:
3600 rupees is the sum amount
explanation-
let sum amount be x
the time periods are 8/ 12 i.e 2/3 year and 15/12 i.e. 5/4 years
now
interest in case 1 = interest in case 2 - 129
PRT/100 = PRT/ 100 - 129
(x*4*2/3)/100 = (x*5*5/4)/100 - 129
8x/300= 25x/400- 129
25x/400 - 8x/300= 129
(75x- 32x)/1200= 129
43x= 129*1200
x= (129* 1200)/43
x= 3600 rupees
hope it is helpful
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