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Anuj lent a sum of 240000 to his friend for 4.5 years. If he received 781000 as interest at the end of 4.5 Sears, what was the annual rate of interest? please fast |
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Answer» Step-by-step explanation:Let LMT by ball =x Rs. /person Interest earned by any =S.I= 100 P×R×I 100 x×8×2 = 100 16x Rs Interest earned by Rajesh =Amount−Principle =x(1+ 100 R ) T −x =x(1+ 100 8 ) 2 −x =x[( 100 108 ) 2 −1] =x(0.1664) Difference of interest =0.1664x−0.16x =0.0064x=64 ⇒ 1000 64X =64 ⇒ Interest required by Anuj =1600 Rs ⇒ Interest required by Rajesh =1664 Rs |
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