what sum of money lent at 9% for 3 years produces twice as much simple interest as 4000 rs in 4 years 6 months at 12% per annum.
Answers
Answered by
4
Step-by-step explanation:
Let the sum of money be P.
According to question,
P*9*3/100 = 2*4000*9*12/2*100
= 27P/100 = 360*12
= P = 360*12*100/27
= P = 360*4*100/9
= P = ₹16,000
Answered by
6
Please refer to the attachment.
Attachments:
Similar questions