1. What sum of money lent out at 9% for 3 years will produce 81 simple interest? B. 250 D. * 325 A. 225 C. 300 2. What sum of money will amount to 900 in 4 years at 5%? A. 650 B. * 750 C. * 675 D. 3 775 A
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Step-by-step explanation:
1. 1500
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Answered by
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Answer:
What sum of money will amount to 900 in 4 years at 5%? A. 650 B. * 750 C. * 675 D. 3 775 A
Answer is ₹ 750
Step-by-step explanation:
As per formula
Principal = amount x 100/ 100 + (time *rate)
So, principal = 900*100/ 100 + (4*5)
= 90000 / 120
Principal = ₹ 750
Amount = principal + interest
900 = 750 - interest
So, 900-750 =150
Interest is 150
So, 750+150= 900
Answer is ₹ 750/-
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