Question

what sum of money will amount to rupees to 27930 @ 10% per annum simple interest in 3 years ? and the answer is6100​

Answer 1

Answer:

principal(p)=?

amount (a)=27930

rate of profit(r)=10%=0.1

time(n)=3 yrs

we know,

$p = \frac{a}{1 + rn} = \frac{27930}{1 + 0.1 \times 3} = \frac{27930}{1.3} = 21484$