the sum which will earn simple interest by rupees126 in 2years at 14% per annum is Explain please
Answers
Answered by
5
The sum of ₹450 will earn simple interest by rupees 126 in 2 years at 14% per annum
Step-by-step explanation:
GIVEN
Simple Interest = 126
Time = 2 years
Rate = 14%
___________________________
TO FIND
The sum which will earn simple interest by rupees 126 in 2 years at 14% per annum
___________________________
We know that,
Simple Interest = ( Principal × Rate × Time ) / 100
Principal = ( Simple Interest × 100 ) / ( Rate × Time )
Principal = ( 126 × 100 ) / ( 14 × 2 )
Principal = 12600 / 28
Principal = 450
Principal = ₹450
The sum of ₹450 will earn simple interest by rupees 126 in 2 years at 14% per annum
___________________________
IMPORTANT
Simple Interest = ( Principal × Rate × Time ) / 100
Principal = ( Simple Interest × 100 ) / ( Rate × Time )
Rate = ( Simple Interest × 100 ) / ( Principal × Time )
Time = ( Simple Interest × 100 ) / ( Principal × Rate )
Similar questions