Question

the simple interest on a certain sum of money for 5yrs at 10% per anum is RS 196 less than the simple interest on the same sum for 4 years at 16% per anum. find the sum

Answer 1

Given: Interest for 5 years at 10% is Rs.196 less than 4 years at 16%.

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

0.64 P - 0.5 P=196

0.14 P = 296

P= Rs. 1400......

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