Question

what sum lent out at 6.2% per annum produces the same simple interest in 2 years as rs 1500 lent out at 5% produces in 1 year and 4 months​

Answer 1

Step-by-step explanation:

We have,

Principal value P=3200

Rate =R=852%

Time =T=7year

Then using

S.I.=100P×R×T

=1003200×542×7

=5×1003200×42×7

=532×42×7

S.I.=Rs1881.6

In the second case

S.I.=100P×R×T

1881.6=100P×320×7

1881.6×100=P×320×7

P=20×71881.6×100×3

P=71881.6×5×3

P=Rs4704

Hence, this is the answer.