Question

on a certain sum of money, the simple interest paid after 4 years in rs.450 at a 5% rate of interest per annum.find the sum
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Answer 1

Answer:

The sum is Rs. 2250.

Step-by-step explanation:

Given information:

• Rate $R=5\%$.
• Time $T=4\text{ years}$.
• Simple interest $S.I.=\text{Rs. }450$.

Let the sum be $P$.

The simple interest is given as,

$S.I=\frac{P\times R\times T}{100}$

Therefore, the sum is given as,

$P=\frac{S.I.\times100}{R\times T}$

Substituting all known values,

$P=\frac{\text{R.s }450\times100}{5\times 4}\\=\text{Rs. }2250$