Question

The sum of money that will produce Rupees 1770 as a simple interest in 7 integer 1 by 2 years at 8% at per annum is

Answer 1

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Answer:

A/Q

Simple interest = 1770

Time = 7 1/2 years = 15/2 years

Rate = 8% p.a

Principal = S.I × 100/T × R

= 1770 × 100 × 2/15 × 8

= 1770 × 100/15 × 4

= 1770 × 25/15

= 44250/15

= 2950; ans.

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