Question

what sum of money lent out at 16 percent per annum simple interest would produce rupees 9600 as intrest in 2 years

Answer 1

Heya friend,

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Let the sum be ₹P. Then,

S.I. = P×R×T/100

=> 9,600 = P×16×2/100

=> 9,600 = 8P/25

=> P = 9,600×25/8

=> P = ₹30,000

Hence, the sum is ₹30,000.



Thanks

With regards@

Tanisha

Answer 2

Like this............