por Baxena lent a sum of money
at 2 1/2per annum simple interest
and received
an interest of & 2400
in 3 years. Find the sun .
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Correct Question:-
- Mr Saxena lent a sum of money at 2½% per annum simple interest and received an interest of Rs 2, 400 in 3 years. Find the sum.
Given Information:-
- Mr Saxena lent a sum of money at 2½% per annum simple interest and received an interest of Rs 2, 400 in 3 years.
Need to find out:-
- Find the sum = ?
Here,
Rate of Interest = 2½% p.a. = 5/2% p.a.
Simple Interest = Rs 2,400
Time = 3 years
Principal = 100 × S.I/ 5 × 3
=> 100 × 2400 × 2/ 5 × 3
=> Rs 32,000
Hence:-
- Mr Saxena lent Rs 32,000.
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