Question

A sum when reckoned at 6% per annum simple interest amounts to Rs. 4130 in 3 years . Find the sum​

Answer 1

Answer

3500

Step-by-step explanation:

simple interest is ptr by 100

but the principle is not given so take it as x

3*6*x/100

18x/100 is the interest

now we know amount = p + i

          given amount is 4130 = x + 18x/100

                                                = 118x/100

                                       413000 = 118x ( transposing 100 to lhs)

                                        x = 413000/118

                                that gives us 3500 and that is the answer

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