Question

500 was invested at 12% per annum simple interest and a certain sum of money invested at 10% per annum simple interest. If the sum of the interest on both the sum after 4 years is 480, the latter sum of money is ? name three reasons that the patriots wanted there independance with great britan O 550 O 450 O 600 O 750

Answer 1

The latter sum of money is Rs.600.

Let the sum of money invested at 10% per annum simple interest be x.

The interest on the sum of 500 at 12% per annum simple interest for 4 years = (500 * 12 * 4)/100 = 240

The interest on x at 10% per annum simple interest for 4 years = (x * 10 * 4)/100 = 4x/10 = 2x/5

240 + 2x/5 = 480

2x/5 = 240

x = 600

Therefore, the latter sum of money is Rs.600.