Question

On a certain sum the interest paid after 2 years is Rs 560 at 6% rate
of interest per annum Find the sum​

Answer 1

Answer:

(2×560×6)÷100=67.2

sum = 560 + 67.2

Answer 2

➤ Given :-

Simple Interest :- ₹ 560

Rate of interest :- 6%

Time :- 2 years

➤ To Find :-

Principle amount of the given sum............

➤ Formula required :-

${ \large\tt \dashrightarrow \orange { \boxed { \tt \gray{ \dfrac{SI \times 100}{R \times T}}}}}$

➤ Solution :-

Principle :-

${\tt \longrightarrow \dfrac{560 \times 100}{6 \times 2}}$

${\tt \longrightarrow \dfrac{ \cancel{560} \times 100}{6 \times \cancel{2}} = \dfrac{280 \times 100}{6 \times 1}}$

${\tt \longrightarrow \dfrac{280 \times \cancel{100}}{ \cancel{6} \times 1} = \dfrac{280 \times 50}{3 \times 1}}$

${\tt \longrightarrow \dfrac{14000}{3} = \boxed{ \tt 4666.6 \sf \: \: Rs}}$

$\Huge\therefore$The principle amount of the given sum is ₹ 4666.6

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$\dashrightarrow$Some related formulas :-

Simple Interest :- ${\boxed{\tt\dfrac{P \times R \times T}{100}}}$

Rate of interest :- ${\boxed{\tt\dfrac{SI \times 100}{P \times T}}}$

Time :- ${\boxed{\tt\dfrac{SI \times 100}{P \times R}}}$

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More to know...............

• simple interest is Testament to the given when a person borrows money from a bank or a person. The person who gives money is called lender. The person who receives money is called borrower.
• Principal is the amount given at first from lender to borrower.
• Rate of interest is the extra amount to be given from borrower to lender, it is always written in percentage form.
• Time is given for the borrower to return back the given money with the given interest.