Question

The simple interest on a certain sum of money at 4% per
annum for 4 years is Rs. 60 more than the interest on
the same sum for 3 years at 5% per annum. Find the
sum?
​

Answer 1

Answer:

6000

Step-by-step explanation:

1suppose Principal =100, interest=100×4×4/100=16,. 2suppose Principal =100, interest=100×5×3/100=15, difference=16-15=1,. difference 1 principal=100, difference 60 principal=60×100=6000