Question

what sum of money lent out at 6 %p.a for 2 years will give the same interest as rupees 1,800 lent out at 5%p.a for a year?​

Answer 1

Step-by-step explanation:

PXRXT/100=PX6X2/100

Other side ,

PXRXT/100=1800X5X1/100

It is also given that both of interest is equal

So,

12p/100=9000/100

12P/100=90

P=90X100/12=₹9000/12=₹750

So,

sum=₹750