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?
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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
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