The simple intrest on a certain sum of money for 4 1/2 year at 8% p.a. – InterviewSolution

1.	The simple intrest on a certain sum of money for 4 1/2 year at 8% p.a. is 540 more than the si on the sum for 5year at 6% p.a . Find the sum .
Answer» LET the SUM BORROWED be Z. Then,(Zx6x2⁄100) + (Zx9x3⁄100) + (Zx14x4⁄100) = 11400Therefore, 3Z⁄25 + 27Z⁄100 + 14Z⁄25) = 11400? 95Z⁄100 = 11400Z = (11400x100⁄95) = 12000

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