A certain sum of money lent out at SI amounts to Rs.616 after 2 years

1.	A certain sum of money lent out at SI amounts to Rs.616 after 2 years and to Rs.715 after afurther period of 3 years. Find the sum and the rate %.1] Sum Rs.500 Rate 6%2] Sum Rs.550 Rate 10%3] Sum Rs.600 Rate 6%4] Sum Rs.550 Rate 6%
Answer» Answer: S.I for 5 years = 1020 - 720 = 300..... [Amount for 2 years = 720, A for 7 years = 1020, the difference GIVES S.I for 5 years] S.I for each year = 300/5 = 60 Amount after 2 years = 720 S.I for 2 years = 120 HENCE P = 720 - 120 = 600 S.I = PRT/100 60 = 600R1/100 R = 10% Hence, Sum = 600 and rate% = 10 Hope it helps Read more on Brainly.in - brainly.in/question/2978764#readmore Step-by-step EXPLANATION:

A certain sum of money lent out at SI amounts to Rs.616 after 2 years and to Rs.715 after afurther period of 3 years. Find the sum and the rate %.1] Sum Rs.500 Rate 6%2] Sum Rs.550 Rate 10%3] Sum Rs.600 Rate 6%4] Sum Rs.550 Rate 6%

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Answer:

S.I for 5 years = 1020 - 720 = 300..... [Amount for 2 years = 720, A for 7 years = 1020, the difference GIVES S.I for 5 years]

S.I for each year = 300/5 = 60

Amount after 2 years = 720

S.I for 2 years = 120

HENCE P = 720 - 120 = 600

S.I = P*R*T/100

60 = 600*R*1/100

R = 10%

Hence, Sum = 600 and rate% = 10

Hope it helps

Read more on Brainly.in - brainly.in/question/2978764#readmore

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A certain sum of money lent out at SI amounts to Rs.616 after 2 years and to Rs.715 after afurther period of 3 years. Find the sum and the rate %.1] Sum Rs.500 Rate 6%2] Sum Rs.550 Rate 10%3] Sum Rs.600 Rate 6%4] Sum Rs.550 Rate 6%​

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A certain sum of money lent out at SI amounts to Rs.616 after 2 years and to Rs.715 after afurther period of 3 years. Find the sum and the rate %.1] Sum Rs.500 Rate 6%2] Sum Rs.550 Rate 10%3] Sum Rs.600 Rate 6%4] Sum Rs.550 Rate 6%