# What sum of money lent at 12% per annum for 3 years produce the same interest as 2250 lent out at 10% per annum for 4 years

1
by sweetteacher

compound interest or simple?

simple interest

Log in to add a comment

by sweetteacher

compound interest or simple?

simple interest

Log in to add a comment

R = 10%

T = 4years

I = PRT/100

= 2250 * 10 * 4/100

= Rs 900

Interest is same when R = 12%,T = 3years,P = x

I = PRT/100

900 = x*12*3/100

x = 900 * 100

------------

12 * 3

x = Rs 2500