Question

What sum of the money lent out at 12 per cent p.a simple intrest will prodouce rupees 9000 as intrest in 2years

Answer 1

Principal of amount (P) = ?

Rate of interest (R) = 12 % p.a.

Time period (T) = 2 years

Simple Interest (SI) = ₹ 9000

SI=PRT/100

P×12×2/100=9000

24P=9000×100

P=900000/24

P=₹ 37500

The principal for 2 years is Rs. 37,500.

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