A sum of money lent out at 10 percent for 4 years produces twice as much as interest as ₹ 6000 in 312 at 5 percent . Find the sum
₹ 5250
Let the required sum be P
In the first case r = 10 % and T = 4 years
In the second case r = 5 % and T = 312 = 72 P = ₹ 6000
We have ₹ P×10×4100 = 2 × ₹ 6000×7×52×100
₹ 40P100 = ₹ 60 × 35
P = ₹ 2100×10040
= ₹ 5250