On what sum of money lent out at 9% per annum for 6 years does the simple interest amounts to RS. 810 ??
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6
Given:-
Rate (r) = 9% p.a.
Time (t) = 6 years
Simple Interest (si)= Rs. 810
To find:- Principal (p)
Solution:-
p = Rs. 1500
Therefore, The sum or principal is Rs.1500
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Answered by
0
As per the data give in the above question.
It is given that rate of interest at 9%.
Year = 9 years,
SI is Rs.810
We have to find the sum of money.
Thus, the money lent can be calculated by formula of simple interest as follow,
Substitute the value in above equation we get,
Hence the money lent is Rs.1500
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