Question

a certain sum of money was deposited in the bank for 7 year simple interest at the rate of 10% per annum was paid find the sum deposited in the beginning if the simple interest after 7 year is rs2240

Answer 1

Solution:

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While finding solutions, we have to use the given data or values or inputs..

We have

R = 10%

T= 7 years

Simple Interest for 7 years = 2240

Using the following formula

Principal = (S.Interest x 100) / Rate x Time

Principal = (2240 x 100) / 10 x 7

Principal = 224000 / 70

Principal = 3200

So the required answer is ₹ 3200

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Answer 2

Answer:

PRINCIPAL=RS.3,200  

Step-by-step explanation:

We need to find the principal

formula of principal= 100*S.I/R%*T

100*2,240/10*7 = P

22,400/7 = P

RS.3200 = P