A sum of money at simple interest amounts to rs 2240 in 2 years and rs 2600 in 5 years. Find the suma and the rate of interest.
Hi,
S.I for 3 years = Rs. (2600 - 2240) = Rs . 360
S.I for 2 years = Rs. (360/3 x 2) = Rs. 240
∴ Required sum = Rs . (2240 - 240) = Rs. 2000
​Regards
S.I for 3 years = Rs. (2600 - 2240) = Rs . 360
S.I for 2 years = Rs. (360/3 x 2) = Rs. 240
∴ Required sum = Rs . (2240 - 240) = Rs. 2000
​Regards