A sum of money is invested for 3 years at 11% p.a. If it is invested for 5 years the intrest increases by ₹5500. Find the sum of money?
answer with steps I realy will mark your ans as brainlist.
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A sum of money is invested for 3 years at 11% p.a. If it is invested for 5 years the intrest increases by ₹5500. Find the sum of money?
answer with steps I realy will mark your ans as brainlist.
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We know that,
➠ ⚊⚊⚊⚊ ⓵
⟮ Putting these values in ⓵ ⟯
➜
➜
➜
➜ 100x = P × 33
➜ ⚊⚊⚊⚊ ⓶
⟮ Putting these values in ⓵ ⟯
➜
➜
➜
➜ 100x + 550000 = P × 55
➜
➜ 20x + 110000 = P × 11
➜ ⚊⚊⚊⚊ ⓷
⟮ Here equation ⓶ = ⓷ ⟯
➜
➜
➜ 100x = 60x + 330000
➜ 100x - 60x = 330000
➜ 40x = 330000
➜
➨ x = 8250 ⚊⚊⚊⚊ ⓸
⟮ Putting x = 8250 from ⓸ to ⓶ ⟯
➜
➜
➜
➨ P = 25000
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