Question

what sum of money will amount to rupees 7540 in 2 years at 8% p.a simple interest

Answer 1

Let the principal be p


prt=SI × 100+p
p×8×2=(7540-p)×100+p
16p-p=754000-100p
15p+100p=754000
p=754000÷115
p=₹6555.5





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Answer 2

Let the principal be p


prt=SI × 100+p
p×8×2=(7540-p)×100+p
16p-p=754000-100p
15p+100p=754000
p=754000÷115
p=₹6555.5





Hope this will be helpful.


Please mark as Brainliest