Question

dhruvika invested money for a period from may 2006 to april 2008 at rate of 12% per annum .if interest received by her is rupees 1620, find the money invested.

Answer 1

The amount invested is:

Answer 2

Answer:

Let p be principal

Interest=1620

Time=2 years

Rate%=12%

Now,

1620= P × R × T/100

P=1620×100/12 × 2

=> P= 810×100/12

=> P= 67.5×100

=> P= 6750

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