Question

Sheela has paid simple interest on a certain sum for 4 years at 9.5 % per annum 21280 find the sum ​

Answer 1

Answer:

56000

Step-by-step explanation:

the pic is your answer

Answer 2

The sum is Rs 56000

Let the principal (P) money be Rs x.

Rate (R) = 9.5% p.a

Time (T) = 4 years.

We know Simple Interest (SI) = PRT/100

Substituting the value in it, we get

SI = P(9.5)(4)/100 = 38P/100

Given, the SI is Rs 21280.

So, 38P/100 = 21280

⇒ P = 21280*100/38

= Rs 56000