Question

what sum of money lent out at 5 % for 3 years will produce the same interest as Rs 900 lent out at 4% for 5 years

Answer 1

The required sum of the money is Rs 1200/-

Step-by-step explanation:

Simple interest = P x R x T/100

Simple interest = 900 x 4 x 5/100  

Simple interest = 180

Let Principle be "X "

Then

180 = P x R x T/100

180= X x 5 x 3/100

X = 1200

Hence the required sum of the money is Rs 1200/-

Also learn more

The simple interest on a sum of money for 2 years at 8% per annum is 2400 what will be the compound interest on that from at the same rate and for the same period ?

https://brainly.in/question/5011105

Answer 2

Answer:

answer is 1200, how

900*4*5/100=180 NOW

we will put X instead of principle as we don't have

180=X*3*5=

X=180*20/3

X=1200

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