Question

What sum of money lent out on simple interest will amount to { 1904 in 3 years at 1% per month?​

Answer 1

percentage for 3 years:1 month = 1%12 months = 1 x 12 = 12%1

Answer 2

Answer:

₹1400

Step-by-step explanation:

1 month = 1%

12 months = 1×12 = 12%

1 year = 12%

3 years = 12×3 = 36%

Original amount = 100%

Original amount + interest = 100 + 36

= 136%

Find the original amount:

136% = ₹1904

1% = 1904

1% = 1904 ÷ 136 = ₹14

100% = 14×100

= ₹1400 Ans