What sum of money will earn an interest of ₹160 at the rate of 4% per year for 2 year
Answers
Answered by
1
Answer:
S.I=Rs.340,Time=2 years,R=4%
(i)Let the sum of money be rs.x
S.I=
100
PRT
⇒340=
100
x×4×2
⇒x=
4×2
340×100
=Rs.4250
(ii)C.I for Rs. 4250 for one year payable half-yearly
∴ T=1 year=2 half year,Rate=
2
4
=2%
A=P(1+
100
R
)
T
⇒4250(1+
100
2
)
2
⇒4250(
100
102
)
2
⇒4250×
50
51
×
50
51
=4421.70
C.I=A−P
⇒4421.70−4250=Rs.171.70
Step-by-step explanation:
Answered by
105
Answer:
Explanation:
Given :
- Simple Interest (I) = ₹ 160
- Rate of interest (R) = 4 %
- Time (T) = 2 year
To Find :
- Sum of money, P.
Formula to be used :
- Simple interest formula, ie,, S.I = P × R × T/100
Solution :
Applying simple interst formula,
S.I = P × R × T/100
⇒160 = P × 4 × 2/100
⇒160 = P × 6/100
⇒160 × 100 = P × 6
⇒16000 = P × 6
⇒ P = 16000/6
⇒ P = ₹ 2666.6
Hence, Sum of money is ₹ 2666.6.
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