Question

What sum lent out at 12½% per annum produces the same simple interest in 4 years as ₹3000 lent out 5% produces in 1 year and 4 months?

Answer 1

Answer:

Principal (P) = Rs 2000

Rate of interest (R) = 5% p.a.

Time (T) = 5 years

Simple interest = P×R×T100=2000×5×5100=Rs 500

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Step-by-step explanation:

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Answer 2

Answer:Time (T) = 4 months =412=13year (1 year = 12 months) ... A sum of Rs 400 is lent for 3 years at the rate of 6% per annum. ... Rakesh lent out Rs 8000 for 5 years at 15% per annum and borrowed Rs 6000 ...