Question

The interest on a certain sum of money is Rs. 19,080 in 2 years and at 10 percent per year. Find the sum of money.

Answer 1

Answer:

Let P = Rs. x

Time (T) = 2 years

Rate (R) = 0%

∴ Interest = (P × T × R)/100 = (x × 10 × 2)/100 = x/5

x/5 = Rs. 1480 (Given)

∴ x = 1480 × 5 = Rs. 7400

Hence the money Rs. 7400

Answer 2

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