Question

rahim deposited a certain amount in a bank to earn interest at 10 % per annum .he received rupees 2662 from the bank after 3 years. find the sum deposited​

Answer 1

Answer:

The sum deposited = Rs 2047.69

Step-by-step explanation:

Given,

Rate ( R ) = 10 %

Amount ( A ) received after 3 years = Rs 2662

Time ( T ) = 3 years

Let, Principal = P

We know that:

  Amount ( A ) = S.I + P

⇒ 2662 = $\frac{P*T*R}{100}$ + P

⇒ 2662 = $\frac{P*3*10}{100}$ + P

⇒ 2662 = 0.3 × P + P

⇒ 2662 = 1.3P

⇒ P = $\frac{2662}{1.3}$

∴ P = Rs 2047.69

Therefore,

The sum deposited = Rs 2047.69