What sum of money lent out at 16 per cent per annum simple interest would produce ₹9600 as
interest in 2 years 6 months?
Answers
Answered by
2
Answer:
Hence, the sum is ₹30,000.
Answered by
1
R = 16%
T=2yrs
SI=9600
SI=-Px RxT/100
9600x100/16x2 = P
30000 = P
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