Question

the simple interest on a certain sum of 6 year at 14% per annum is 470. 40 find the sum.​

Answer 1

Answer:

SI = (PxRxT) ÷ 100

⇒ 470.4 = (Px14x6) ÷ 100

⇒ 4704 ÷ 10 = 84P ÷ 100

⇒ 470400 = 840P

⇒ P = 470400 ÷ 840

⇒ P = 560

Hence, the sum for the given simple interest of Rs.470.40 is Rs.560.