Question

A certain sum at 4% simple per annum becomes RS. 3136 in 3 years. Find the sum.

Answer 1

Answer:

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Answer 2

Concept Introduction :

The simple interest rate is based on the principal amount of a loan or on the first deposit in a savings account.

Given :

A certain sum at 4% simple per annum becomes RS. 3136 in 3 years.

To Find :

We have to find the sum.

Solution:

$A=P(1+R/100)^N$

$3136 = P(1+4/100)^3$

$3136 = P(36/25)^3$

$3136x15625 = 46656P$

$P= 1050.24$ $Rs$.

Final Answer:

$P= 1050.24$ $Rs$.

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