what sum of money lent out at simple interest will become rupees 3700 in 4 years at 12% per year
Answers
Answered by
6
Answer:
Re. 7708.34
Step-by-step explanation:
S. I. = (P*R*N)/100
i.e., P = 100* S.I. /(R*N)
P = 100 * 3700 / (12 * 4)
= Re. 7708.34
Answered by
8
Answer:
RS 2,500
Step-by-step explanation:
Let the sum of money be P.
A=3700
T =4yr 48 months
R =1% per month
SI =(P×R×T)/100
=(P×1×48)/100
=48P/100
A= P + SI
A =P + 48P/100
3700 = 148P/100
P = (3700 ×100)/148
P= RS.2,500
Therefore,the sum of money or the principal is Rs 2,500
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