Question

What sum of money lent for 3 year at 4% per year will amount to ₹392​

Answer 1

Given and to find :

• What sum of money lent for 3 year at 4% per year will amount to ₹392.

Concept :

• From the Simple Interested concepts.

Using formula :

• SI = P × R × T/100

Know terms :

• Simple interest = (SI).
• Principal = (P).
• Rate = (R).
• Time = (T).

Calculations :

→ 392 = P × 3 × 4/100

→ 39200/12

→ 3,266.66667

Therefore, this is the required answer.

Answer 2

Answer. So,if someone lent 3266.67 rupees on 4% for 3 years the interest earned is rs 392. Hope it helps you.