Question

I invested some money for a period of two years at the rate of 12% per annum simple interest. If I received an interest of ₹1620, then the amount of money invested?​

Answer 1

Answer:

Let Rs.P be principal.

Interest =Rs.1620,

Time =2 years

R=12%p.a.

Now,

⇒1620=

100

P×12×2

⇒P=

24

1620×100

⇒P=6750

The amount of money invested by you is 6750.

Step-by-step explanation:

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