Question

What sum of money lent out at 9% for 3 years will produce ₹810 as simple interest ​

Answer 1

Answer:

Step-by-step explanation:

Answer 2

In the above question, it is given that,

The given equation is the rate of interest 9%.

Lent year =3 Years

Simple Interest on the amount is =Rs810

We need to find the sum of money lent that is the Principal amount.

Thus, the formula of Simple Interest is below,

$SI=\frac{PRT}{100} \\SI\times 100=PRT\\P=\frac{SI\times 100}{RT}$

Put the given value in the above equation we get,

$P=\frac{810\times 100}{9\times 3} \\P=\frac{81000}{27}\\P=Rs.3000$

Hence Rs.3000 amount of money is lent.