Question

Solve the following problems.

A sum of Rs. 800 amounts to Rs. 1,160 in 4 years at a certain rate of interest. What is the amount for Rs. 640 at the same rate of interest?

Answer 1

Amount (A) = Rs.1,160

Principal (P) = Rs.800

Time (T) = 4years

Simple Interest,

Principal (P) = Rs.640

Rate (R)

Time (T) = 4 years

Simple Interest,