Question

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

Answer 1

Given:-

• A sum when reckoned at 6% per annum simple interest amounts to 4130 rupees in 3 years.

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To find:-

• The sum.

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Solution:-

Here,

• Amount = Rs.4130
• Rate% (R) = 6% p.a.
• Time (T) = 3 years

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★Formula used:-

→ Amount = P × R × T/100 + P

→ 4130 = (P × 6 × 3)/100 + P

→ 4130 = 18 P/100 - P

→ 4130 = 118 P/100

→ P = 4130 × 100/118

→ P = Rs.3500

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Hence,

• The sum is Rs.3500.

Answer 2

very difficult sorry