Home
Class 7
MATHS
A sum amounts to Rs. 5600 in 4 years and...

A sum amounts to Rs. 5600 in 4 years and Rs. 6400 in 6 years at a certain rate of simple interest. Find the rate of interest per annum and the sum.

Text Solution

AI Generated Solution

To solve the problem step by step, we need to find the principal amount (sum) and the rate of interest per annum using the information provided. ### Step 1: Set up the equations based on the given amounts We know that: - The amount after 4 years is Rs. 5600. - The amount after 6 years is Rs. 6400. Using the formula for the amount in simple interest: ...
Promotional Banner

Topper's Solved these Questions

  • SIMPLE INTEREST AND COMPOUND INTEREST

    PEARSON IIT JEE FOUNDATION|Exercise Very Short Answer Type Questions|30 Videos
  • SIMPLE INTEREST AND COMPOUND INTEREST

    PEARSON IIT JEE FOUNDATION|Exercise Short Answer Type Questions|15 Videos
  • Set theory

    PEARSON IIT JEE FOUNDATION|Exercise ASSESSMENT TEST Test 2|12 Videos
  • STATISTICS

    PEARSON IIT JEE FOUNDATION|Exercise CONCEPT APPLICATION (LEVEL 3)|11 Videos

Similar Questions

Explore conceptually related problems

A certain sum of money amounts to Rs 4200 in 3 years and to Rs 6000 in 6 years at simple interest. Find the rate of interest.

A sum of money amounts to Rs 10000 after 5 years and Rs 15000 after 8 years at the same rate of simple interest. Find the rate of interest per annum

A sum of money amounts Rs. 800 in 3 years and Rs. 840 in 4 years at compound interest. What is the rate of compound interest per annum?

A certain sum of money amounts to Rs. 2420 in 2 years and Rs. 2662 in 3 years at some rate of compound interest, compounded annually. The rate of interest per annum is: