Question

9. What sum of money lent out
at 2.5% per annum for 3 years
would produce Rs 37.50 as
interest?
O Rs 500
O Rs 600
O Rs 700
O Rs 800​

Answer 1

Given:

A sum of money lent out at 2.5% per annum for 3 years would produce Rs 37.50 as interest

To find:

The sum of money

Solution:

Let "P" represents the sum of money.

The rate of interest, R = 2.5% p.a.

The no. of years, T = 3 years

We know,

$\boxed{\bold{Simple\:Interest = \frac{PRT}{100} }}$

Now, on substituting the given values in the formula of simple interest above, we get

$37.50 = \frac{P \times 2.5 \times 3 }{100}$

$\implies 37.50 \times 100 = P \times 7.5$

$\implies P = \frac{37.50 \times 100}{7.5}$

$\implies P = Rs.\:500$

Thus, the sum of money lent out at 2.5% per annum for 3 years would produce Rs 37.50 as interest is → Rs. 500.

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Answer 2

Answer:

answer is in attachment