Question

1.
in 3 years at 4%.
1
What sum will produce Rs 102 simple interest in 3 years at 4%​

Answer 1

Answer:

Principal = 850

Amount = 952

Step-by-step explanation:

Simple interest = Principal × Time × Rate / 100

102 = Principal × 3 × 4 / 100

102 = Principal × 12 / 100

102 ÷ 12 / 100 = Principal

102 × 100 / 12 = Principal

Principal = 850

Therefore, Amount = 850 + 102 = 952

Amount = 952