Question

what sum of money will amount to rs12544 in 2 years at 12℅ p.a simple interest​

Answer 1

Answer:

3012.96

Step-by-step explanation:

1. I=PTR/100
2. 12544×2×12/100
3. =3012.96

Answer 2

Given :-

Amount = Rs 12544

Time = 2 years

Rate = 12%

To find :-

Sum of money (Principal) = ?

Answer :-

Principal = Rs 10,000

Refer to the attached image for step by step explanation.

Some related Formulas:-

Formula to find C.I. if amount and principal are given.

➣ C.I. = A - P

▪ Formula to find C.I. if principal and time are given.

➣ $\sf {C.I. = P[{(\dfrac{r}{100})}^{n} - 1]}$

▪ Formula to find Amount if principal and Compound Interest are given.

➣ A = C.I. + P

▪ Formula to find Interest.

➣ $\sf\:S\:I\:=\:\dfrac{P\:\times\:R\:\times\:T}{100}$