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Ques:- A certain sum amounts to Rs.1725 in 3 years and Rs.1875 in 5 years. Evaluate the rate % per annum?
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Call from HR for interview in an unexpected time!
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A certain sum amounts to Rs. 1725 in 3 years
and amounts to Rs.1875 in 5 years
so interest of 2 years = 1875 -1725
= 150
so interest of 1 year = 75
so interest of 3 years = 75 × 3 =225 rs
so , Principal = Amount – SI
= 1725 – 225
= 1500 rs
now ,
S.I. = P × N × R /100
75 = 1500 × 1 × R /100
R = 75 / 15
R = 5%