Question

Rajeev invested a sum of money for a period from July 2015 to July 2017 at the rate of 8% per annum. If the nterest received by him is * 1620, find he sum.​

Answer 1

Answer:

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Step-by-step explanation:

The simple interest to the sum Rs. 15,000 for 2 years at a rate of interest 5% per annum is

S.I.=

100

PRT

⇒

100

15,000×2×5

=1,500.

The interest will be Rs. 1,500

and the amount at the end of 2 years.

=P+I=15000+1500= Rs. 16,500