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A sum of money amounts to Rs. 9800 after 5 years and Rs. 12005 after 8 years at the same rate of simple interest. The rate of interest per annum is: ?->(Show Answer!)
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1. A sum of money amounts to Rs. 9800 after 5 years and Rs. 12005 after 8 years at the same rate of simple interest. The rate of interest per annum is:





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  • By: guest on 01 Jun 2017 05.48 pm
    S.I. for 3 years = Rs. (12005 - 9800) = Rs. 2205. S.I. for 5 years = Rs. 2205 x 5 = Rs. 3675 3 Principal = Rs. (9800 - 3675) = Rs. 6125. Hence, rate = 100 x 3675 % = 12% 6125 x 5
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