Question

The simple interest on a certain sum of 3 years at 10%per annum is ₹829.50, find the sum.​

Answer 1

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The simple interest on a certain sum of 3 years at 10%per annum is ₹829.50, find the sum.

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Time(T)=3 years

Rate(R)=10%

Interest (I)=Rs.829.50

Principal(p)= ?

We know,

$p = \frac{i \times 100}{r \times t}$

$\: \: \: \: \: \: \: \: \: = \frac{829.50 \times 100}{10 \times 3}$

$\: \: \: \: \: \: \: \: = \frac{82550}{30}$

$\: \: \: \: \: \: \: \: \: \: = 2751.67$

Hence your answer is Rs.2751.67

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