Question

A sum at simple interest of 13 1/2% per annum amounts to 3080 in 4 yr. The sum is​

Answer 1

Answer:

Let sum = P

Then, SI = (P x R x T)/100

= {P x (27/2) x 4} / 100

= {P x 54} / 100 = 27P / 50

∴ Amount = P + 27P / 50 = 77P/50

According to the question 77P/50 = 3080

∴ P = (3080 x 50)/77 = ₹ 2000

Step-by-step explanation:

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