Question

Find the sum which amounts to ₹7234.50 at 6 ½% p.a. in 5 years at simple interest. ANS-5,460 explain it please​

Answer 1

Answer:

Ans: 5,460

Step-by-step explanation:

Let sum = X,

Amount = Sum (Principle) + S.I.

∴ 7234.5 = X + S.I

∴ S.I = 7234.5 - X.

Using S.I formula,

S.I. = P×R×T/100

7234.5 - X = X × 6.5 × 5 / 100

By solving this expression,

Sum (X) = 5,460.