What sum of money lent at 25/2% per annum will produce the same interest in 4 years as ₹ 8560 produces in 5 years at 12% per annum.
assuming simple interest, you want
P*.25/2*4 = 8560*0.12*5
not quite sure what 25/2% means, but if I got it wrong, just fix it.
Faltu!!!!
To solve this question, we need to calculate the sum of money that will produce the same interest in 4 years as ₹ 8560 produces in 5 years.
First, let's calculate the interest earned in 5 years at 12% per annum:
Interest = (Principal * Rate * Time) / 100
Interest = (₹ 8560 * 12 * 5) / 100
Interest = ₹ 5136
Now, we need to find the sum of money that will produce the same interest in 4 years at 25/2% per annum.
Let's assume the principal is P.
Interest = (Principal * Rate * Time) / 100
₹ 5136 = (P * 25/2 * 4) / 100
₹ 5136 = (P * 5/2 * 4) / 100
₹ 5136 = (20P / 200)
₹ 5136 = P / 10
To find the sum of money (P), we can multiply both sides of the equation by 10:
₹ 5136 * 10 = P
P = ₹ 51360
Therefore, the sum of money lent at 25/2% per annum that will produce the same interest in 4 years as ₹ 8560 produces in 5 years at 12% per annum is ₹ 51360.