A certain sum of money amounts to rs 704 in 2 years and rs 800 in 5 years.Fond the principal
Answers
Answered by
1
Answer:
Now, formula for simple interest (SI) = (P*R*T)/100.
where,
P = Principle,
R = Rate of interest, and
T = Time in years.
If we have to find the total money after certain years, the principle has to be added to the interest earned.
So, Sum = P + SI
Let's go to the question now.
Case 1 : Rs. 1008 in 2 years.
So, 1008 = P + P*R*2/100
Case 2 : Rs. 1164 in 7/2 years
So, 1164 = P + P*R*7/200
Explanation:
hope it helps u:)
Similar questions