the simple interest on a certain sum for 3 years at 8 % per annum 96 more than the simple interest on the same sum for 2 years at 9% per annum, find the sum.

Asked by banikaurgulati10 | 15th Feb, 2019, 06:01: PM

Expert Answer:

Simple space interest space equals space PNR over 100
fraction numerator straight P cross times 3 cross times 8 over denominator 100 end fraction equals fraction numerator straight P cross times 2 cross times 9 over denominator 100 end fraction plus 96
straight P equals 1600

Answered by Arun | 17th Feb, 2019, 12:42: PM

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