Question

Certain sum of money at simple interest amount 840 in 10 Year at 6% per annum find sum

Answer 1

₹1400

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Answer 2

Answer:

Principle = ₹ 1,400

Step-by-step explanation:

Question:-

A certain sum of money at simple interest amount rs 840 in 10 years at 6% per annum, find the sum ?

Formula used:

Amount = Principle + S.I

SI = (P × R × T)/100

P = Principle, R = Rate of interest, T = Time

Calculations:

P = ₹ ?, R = 6%, T = 10 yrs, SI = ₹ 840

SI = (P × R × T)/100

⇒840 =  (P × 6 × 10)/100

⇒ 60P = 84,000

⇒ P = 84,000 ÷ 60 = 1,400

∴ Principle = ₹ 1,400

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