Question

16. A certain sum becomes 2400 in 10 years at the
rate of 2% per annum under simple interest. Find
the sum.
2% per annum under​

Answer 1

Answer:

2000

Step-by-step explanation:

let the previous amount is =p

Total amount = previous amount + simple interest

2400=p+prt/100

or

2400=p+(p*2*10)/100

2400=p+20p/100

2400=p+p/5

2400=6p/5

6p=2400*5

p=(2400*5)/6=2000

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