Question

Find the sum of money lent out if Rs.9600/- is the simple interest at the rate of 16% per annum.
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Answer 1

Step-by-step explanation:

Principal=₹9600

Rate =16%

Time=1year

SI=P×R×T/100

9600*16*1/100

1531

A=SI+P

=9600+1531

=₹11131

kk

hope this helps you dear

Answer 2

Given:-

• Simple interest amount is ₹9600.
• Simple interest% is 16% .
• Time is 1 year

To find:-

• Principal amount.

Solution:-

We know that simple interest is calculated by the following formula

• $\large\underline{\bf{ \frac{ p\times r\times t}{100} = simple \: interest }}$
• $\large\underline{\bf{ \frac{p \times 16 \times 1}{100} = 9600 }}$
• $\large\underline{\bf{p = \frac{9600 \times 100}{16} }}$
• $\large\underline{\bf{ =₹ 60000}}$
• Hence the pricipal amounts was ₹60000