what sum of money lent out at simple interest will become rs.3700in 4 years at 12% per year?
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Answer:
P= SI*100)/RT
= 100x/4*12= 25x/12
A= si +p
3700 = x+ 25x/12
3700 = 37x/12
37x = 12*3700
x= 12*3700/37 = 1200
Si=1200
P= A-si
= 3700-1200 = 2500
So, P=2500
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