Question

Certain sum of money amount to ₹ 4230 in 2.5 years at 7% per annum simple interest and find principal

Answer 1

HOPE IT HELPS :

Solution :

Principle amount = 4230

Rate = 7

Time = 2.5

Simple interest can be calculated as :

S.I = ( P x R x T ) / 100

S.I = ( 4230 x 2.5 x 7 ) / 100

S.I = 740.25

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