Question

A certain sum of money amounts to 19,680 in 7 years at 15% per annum simple interest. Find the sum JO IN NO W​

Answer 1

Answer:

The answer to this question is Rs 9,26,800.

Step-by-step explanation:

According to this question,

A certain sum of money becomes 19,860 after 7 years at the rate of 15% per annum at simple interest.

Formula to find principle when interest, rate of interest and time are given =

Interest = 19,860

Rate of interest = 15%

Time = 7 Years

P = Interest x 100/R x T

P = 19,860 X 100/15 X 7

P = 9,26,800

Rs 9,26,800 is the sum which after 7 years gives Rs 19,860 as the interest at 15% per annum.

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