Question

The intrest paid on a certain sum after 4 years at 7% rate of intrest per annum is Rs 6050 find the sum

Answer 1

Dear friend,

Let the sum be x,

P = x
R = 7%
T = 4
SI = Rs. 6050

$p = \frac{si \times 100}{rt}$

$x = \frac{6050 \times 100}{7 \times 4}$

$x = 21607.14$

Answer. The sum of money is Rs. 21607.14

Hope it helps !!!

Answer 2

si= p×r×t/100=p=si /p×t=6050/7*4=si= 3025/14