Question

if a sum of ₹6250 amount to ₹7840 in 2 yeras at 12% per annum , find the interest earned


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Answer 1

Answer:

₹1590

Step-by-step explanation:

Principal = ₹6250

Amount at the end of 2 years at 12% p.a. = ₹7840

As we know,

Simple Interest (S.I.) = Amount - Principal

S.I. = ₹(7840 - 6250)

S.I. = ₹1590 is the answer

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