Answer:
Answer :
Given : If a sum of money amounts to Rs 2200 in 5 years
Let sum of money = x
And as given : The interest is 3838 of the principal . So we get
x ( 3838 ) = 2200 - x
3x = 17600 - 8x
11x = 17600
x = 1600
So, Sum of money = Rs . 1600
Then interest = 2200 - 1600 = Rs . 600
Let Rate of interest = r %
And we know Simple interest = P × r × t100P × r × t100 , So we get
⇒1600 × r × 5100 = 600⇒16× r × 5100 = 6⇒80r = 600⇒r = 60080 = 152 = 712%⇒1600 × r × 5100 = 600⇒16× r × 5100 = 6⇒80r = 600⇒r = 60080 = 152 = 712%
So
Step-by-step explanation:
