Question

The simple interest on a certain sum of money for 5 years at 10% per annum is rs. 196 less then the simple interest on the same sum for 4 years at 16% per annum. Find the sum

Answer 1

Hey mate

Answer:

The principal amount is Rs 1400

Step-by-step explanation:

Interest = PRT

.Given that interest for 5 years at 10% is Rs 196 less than 4 years at 16%

⇒ P(0.16(4) - P(0.1)(5) = 196

Now

Solve for P:

P(0.16(4) - P(0.1)(5) = 196

0.64P - 0.5P = 196

0.14P = 196

P = Rs 1400

The principal amount is Rs 1400 (ANSWER)

Hope it helps you

Bebrainly

#Ananya