Question :
A sum of money amounts to ₹ 6720 in 2 years at simple interest and to ₹ 7392 in 3 years at the same rate. Find: The principal, and The rate of interest per annum.
Options :
- Principal = ₹ 5600, Rate = 10%
- Principal = ₹ 5600, Rate = 11%
-
Principal = ₹ 5376 Rate = 12.5%
-
Principal = ₹ 5800, Rate = 8%
correct answer : c)
