SOLUTION: if Rs.450 amounts to Rs.540 in 4 years at simple interest, then what sum of money will amount to Rs.637.50 in 5 years at the same rate of interest?

Question 1013248: if Rs.450 amounts to Rs.540 in 4 years at simple interest, then what sum of money will amount to Rs.637.50 in 5 years at the same rate of interest?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
if Rs.450 amounts to Rs.540 in 4 years at simple interest, then what sum of money will amount to Rs.637.50 in 5 years at the same rate of interest?
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I = P*r*t
540 = 450*r*4
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r = 0.3
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637.50 = P*0.3*5
P = Rs425
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Cheers,
Stan H.
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