A sum at simple interest at27/2%per annum amounts toRs2502.50 after 4 years. Find the sum.
Answers
Answered by
0
Answer:
The sum is Rs. 1625
Step-by-step explanation:
The amount of simple interest is given by,
A = P (1+rt)
[Where P is principal amount
r is interest rate in decimal
t is number of years]
Given, A=Rs.2502.50, r = 27/(2×100), t=4
2502.5= P {1+(27÷200)×4}
⇒2502.5 = 1.54P
⇒P = Rs.1625
∴ The sum is Rs.1625.
Similar questions