Question

what sum of money lent at 6•5% per annum will produce the same interest in 4 years as Rs 75000 produce in 6 years at 5% per annum?

Answer 1

SI on 75000 =75000*6*5/100
=22500

22500=x*6.5*4/100
X=22500*100/6.5*4
X=2250000/26
X=86538.46