What sum will amount to *1212 in 3 years 4 months at 6% p.a. simple interest?
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7th
Maths
Comparing Quantities
Simple Interest
What sum will amount to Rs....
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Asked on December 30, 2019 by
Gayathri Prashant
What sum will amount to Rs.6600 in 4 years at 8% p.a. simple interest?
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ANSWER
p=Principal amount
n=Number of years
r=rate of interest
Total amount=p+
100
p×n×r
Total amount=6600
n=4 years
r=8% p.a
We have to find the principal amount
⇒6600=p+
100
p×4×8
⇒6600=p+
100
32p
⇒6600=p+
25
8p
⇒165000=33p
⇒p=5000
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