Question

what sum lent out at 6.25% p.a. produces the same SI in 2yrs as $2100 lent out at 5% p.a. produces in 16 months?

No fake answers please​

Answer 1

Hope it helps pls brainliest i havent got it yet

Answer: also i used 6 1/4 not 6.25 but its the same i think , u need to write 25/100 = 1/4 first-

Simple interest= 140

principal = 1120

Step-by-step explanation:

case 1

p = 2100

r = 5%

t = 4/3 yrs

SI = prt / 100

2100×5×4 / 100 × 3

SI = 140 rs

case 2

p = ?

r = 25/4 %

SI = 140 rs

SI = prt / 100

140= p×25×2 / 100 ×4

140 = p / 8

140×8=p

p = 1120