A sum of money lent at simple interest amounts to Rs 3000 in 2 years and Rs 4500 in years. Find the sum and the rate of Interest.

Question

A sum of money lent at simple interest amounts to Rs 3000 in 2 years and Rs 4500 in
years. Find the sum and the rate of Interest.
5​

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Alaia 2 weeks 2021-11-22T01:22:02+00:00 1 Answer 0 views 0

Answers ( )

    0
    2021-11-22T01:23:21+00:00

    Answer:

    25 % and sum is 2000

    Step-by-step explanation:

    Amout for two years = 3000

    amount for five years = 4500

    interest in 3 years = 1500

    interest in one year = 1500/3 = 500 RS

    now we know that 3000 is sum after two years and interest for one year is 500

    so

    => 3000 1000(2years interest)

    = 2000

    so the sum was 2000 and rate is

    500/2000× 100

    => 25 %

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