Seth invested a certain amount of money and got back an amount of ₹8400 . If the bank paid an interest of ₹700 , find the amount Sam invested .
Guys please explain with steps .... Please
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Answer :
Step-by-step explanation:
Given :
Amount: ₹8400
Simple interest: ₹700
Find: Amount invested (principal)
Using the formula (Prinicipal = A - SI) we substitute the values that is principal = 8400-700 = ₹7700
Thus, the amount invested by Sam is ₹7700.
Hope it helps :)
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