CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon


Question

If the interest on Rs. 2400 be more than the interest on Rs. 2000 by Rs. 60 in 3 years at the same rate percent; Find the rate.


Solution

In first case:
P= Rs. 2400
R= x%
T= 3 years
interest=P×T×R100
=Rs.2400×x×3100
=Rs.72x
In second case:
P= Rs. 2000
R=x%
T= 3 years
interest=P×T×R100
=Rs.2000×x×3100
=Rs.60x
According to the statement,
72x=60x+60
72x60x=60
12x=60
x=6012
x=5
Rate = 5%


Mathematics
Concise Mathematics
Standard VIII

Suggest Corrections
thumbs-up
 
0


similar_icon
Similar questions
View More


similar_icon
Same exercise questions
View More



footer-image