Question

what sum of money lent at 12 1/2% per annum will produce the same interest in 4 years as ₹8560 produces in 5 years at 12% per annum?

Answer 1

the interest =(p*4*12.5)/100

=Rs . p/2

PART II

given sum = rs 8560,

time =5 years and

rate of interest = 12% p.a

then interest=Rs . (8560*5*12)/100

. RS .5136

PART III

by the given condition interest on rs point p in four years at 12.5%p.a=interest on rs .8560 in 5 year at 12% p.a

then P/2=5136

Or, P=2*5136

or. p=10272