The sum which will earn a simple interest of rupees 126 in 2 years at 14% per annum is _____________.
please help me to do this
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Answer:
SI=p×r×t/100
126=x×2×14/100
7x/25=126 x=126×25/18=x=450
Sum=₹450
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Step-by-step explanation:
Given simple interset(I)=Rs. 126
Time(T)=2 years
Rate of interest (R)=14%
We know that
I=PTR/100
P=100×I/RT
=>P=(100×126)/(2×14)
=>P=(100×9×14)/(14×2)
Cancelling 14
=>P=(100×9)/2
=>P=50×9
=>P=450
The sum=Rs. 450
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