Question

What sum of money lent out at 12 per cent p.a. simple interest

would produce ₹ 9000 as interest in 2 years?​

Answer 1

Answer:

Step-by-step explanation:

rate of interest=12%per annum

time=4 years

simple interest=₹9000

therefore,

p*r*t÷100=9000

p*12*2=9000*100

p=9000*100÷12*2

p=37500