Question

The simple interest on certain sum of money at 6% annum for 3.5 years is rs.200.what is the sum invested

Answer 1

Simple Interest Formula:
$I = P × R × T$
P = x
R = 6% = 0.06
T = 3.5 years
Simple I = Rs. 200

I = P × R × T
⇒200 = x (0.06 × 3.5)
⇒200 = x × 0.21
⇒200/0.21 = x
⇒952 = x = P