Question

2) Sum at simple intorest of 13 % pa
Amounts to 2 2502.50 after 4 years
find the sum​

Answer 1

Answer:

The amount after simple interest is given by

A=P(1+rt)

Where P is principal amount

r is interest rate in decimal

t is number of years

Given, A=Rs.2502.50,r=

2×100

27

,t=4

2502.5=p(1+

200

27

×4)

⇒2502.5=1.54P

⇒P=Rs.1625

∴ The sum is Rs.1625.