the simple interest on a certain sum for 2.5 years at 12% per annum is rupees 300 less than the simple interest on the same sum for 4.5 years at 8% per annum find the sum
Answers
The simple interest on a certain sum for 2.5 years at 12% per annum is rupees 300 less than the simple interest on the same sum for 4.5 years at 8% per annum. The sum is Rs 5000
Solution:
The simple interest is given as:
Where,
p is the sum
n is the number of years
r is the rate of interest
Given that,
Simple interest on a certain sum for 2.5 years at 12% per annum is rupees 300 less than the simple interest on the same sum for 4.5 years at 8% per annum
Therefore,
S.I at 4.5 years at 8% per annum - S.I at 2.5 years for 12 % per annum = 300
Let the sum be "p"
Thus the sum is Rs 5000
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Answer:
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