Question

the simple interest on sum of money for 5yearsat 6℅p.a is₹120more than the interest on the same sum at 5℅p.a for 4years.find sum investment

Answer 1

Answer:

Rs 1200

Step-by-step explanation:

unterest 1 = P *6*5/100 = 0.3P

Interest 2 = P*5*4/100 = 0.2P

interest1-interest2 = 120

0.1P = 120

P = 1200