Question

What sum of money was lent out at 12%p.a simple interest would produce Rs 9000 as interest in 2 years

Answer 1

Answer:

Step-by-step explanation:

SI=9000

R=12%

Y=2

P=(SI×100)/(R×T)

= (9000×100)/(12×2)

=(900000)/(24)

=Rs.37500

Answer 2

Given - Rate = 12% p.a.

Interest = Rs. 9000

Time = 2 years

Find - Principal amount

Solution - Simple Interest can be calculated by the formula:

S.I. = P*R*T/100

In this formula, S.I. represents simple interest, P represents prinicpal amount, r represents rate of interest and t represents time.

Keeping the values in the formula to find the principal amount.

Prinicpal amount = S.I.*100/R*T

Prinicpal amount = 9000*100/(2*12)

Principal amount = 37,500

Hence, the principal amount that generated given interest is Rs. 37,500