the simple interest on a sum of money for 5 years at 6% per annum is rupees 120 more than the interest on the same sum at 5% per annum for 4 years. find the sum invested
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Step-by-step explanation:
let the sum be x
first case:-
p=x
t=5yrs
r=6%
s.i=ptr/100
=(x×5×6)/100
=3x/10
second case:-
p=x(as given in question)
t=4yrs
r=5%
s.i=ptr/100
=(x×4×5)/100
=1x/5
atq, (3x/10)=(1x/5)+120
=15x=10x+120
=15x-10x=120
=5x=120
=x=120/5
=x=60
sum of money(p)=60
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