The simple interest on a certain sum of money at 4% per annum for 3 whole 1/2 years is rupees 2800. Find the sum
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●Simple Interest = Rs. 2800
●R% = 4%
●Time = 3 1/2 years= 7/2 years
Therefore;
S.I. = P × R × T / 100
P = S.I. × 100 / R × T
P = 2800 × 100 / 4 × 7/2
P = 2800 × 100 × 2 / 4 × 7
P = 5,60,000 / 28
P = Rs. 20, 000
☆Sum is Rs.20,000
Hope this helps.
●R% = 4%
●Time = 3 1/2 years= 7/2 years
Therefore;
S.I. = P × R × T / 100
P = S.I. × 100 / R × T
P = 2800 × 100 / 4 × 7/2
P = 2800 × 100 × 2 / 4 × 7
P = 5,60,000 / 28
P = Rs. 20, 000
☆Sum is Rs.20,000
Hope this helps.
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