Question

Find the sum of money that amounts to Rs 11200 in 4 years at the interest rate of 4% per annum.​

Answer 1

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Question:-

Find the sum of money that amounts to Rs 11200 in 4 years at the interest rate of 4% per annum.

Concept:-

Here we have to Find the sum of the money that amounts to Rs.11,200 in 4 years at the interest rate of 4% per annum.

So,

Let's Find

P = Principal

R = Rate

T = Time

Solution:-

We know that,

$\sf{SI}$= $\sf \frac{P \times R \times T}{100}$

11200= $\sf\frac{p \times 4 \times 4}{100}$

Since,$\sf{p = \frac{11200 \times 100}{4 \times 4}}$

$\sf{p= \frac{1120000}{16}}$

$p=70,000$

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Answer 2

✿Given :-

• ‎SI = RS.11200
• Time = 4 years
• Rate = 4 % per annum

✿Need to find :-

• The sum( Principal )

✿Let's Solve

$SI \: = \: \frac{p \times r \times t}{100}$

$11200 = \frac{p \times 4 \times 4}{100}$

$P = \frac{11200 \times 100}{4 \times 4}$

$P = \frac{1120000}{16}$

✿Hence P = 70,000

$\rm\underline\bold{solved \purple{\huge{\checkmark}}}$

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