Question

a sum of money invested at 7% simple intrest for 3 years yields an intrest of ruppes 1470 find the sum

give full explanation
otherwise it will be. reported ​

Answer 1

Given :

Interest (I) = ₹ 1470

Rate (R) = 7%

Time (T) = 3 year

$\: Principal= \frac{I × 100}{R × T}$

$➠P = \frac{1470 \times 100}{7 \times 3} \\ \\ ➠P = \frac{147000}{21} \\ \\ ➠P = ₹7000$

Therefore, The sum is ₹ 7000

Answer 2

Answer:

Given,

SI= 1470

Rate= 7%

Time= 3 years.

P= 1470*100/3*7

= 147000/21

= ₹ 7000..