Question

A sum of money amounts to Rs 1050 in 10yrs at the rate of 7.5% simple interest per annum.Then the sum is

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Answer 1

Answer :

Explanation:

The formula of SI is :-

Interest = P*R*T/100

Now,

Principal + interest = ( P*R*T/100) + principal

principal + interest = 1050 (already given )

so,

1050 = (P*7.5* 10 /100 ) + P

1050 = 3P /4 + P

1050 = 7P / 4

P = 1050*4/7

P= 600

I hope this will help you

Answer 2

Answer:

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