wasim lends a sum of ₹4700 at 5% per annum for 2 years and ₹5600 at 6.5% per annumfor 3 years.Find his total earnings.
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Answer:
.I. for 3 years = Rs. (12005 - 9800) = Rs. 2205.
S.I. for 5 years = Rs. 2205 x 5 = Rs. 3675
3
Principal = Rs. (9800 - 3675) = Rs. 6125.
Hence, rate = 100 x 3675 % = 12%
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