Question

68.
A sum of money lent for 7 years at 7% per annum imple interest yields an interest of
Rs. 2,450. The amount received is
(a) Rs. 5000
b) Rs. 7400
Rs. 7450
(d) Rs. 7540​

Answer 1

Step-by-step explanation:

Step 1:

Suppose sum of money = P

Given,

Rate= 7%

Time=7 years

Step 2:

SI=(P*R*T)/100

2450=(P*7*7)/100

P=(2450*100)/49

P= 5000

The Amount= 5000

The amount received with interest = 5000+2450

=7450

Answer 2

Step-by-step explanation:

ans 7450. its the correct answer