what sum will amount to ₹ 1748 in 5 by 2 years at 15 by 2% per annum simple interest
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Given compounded amount with Simple Interest)= SI = 1748
Rate of Interest Per annum= R= i= 15/2%= 7.5%
Time = T= n = 2years
we know that
Simple Interest = PTR/100
Amount with simple interest= P(1+TR)
11748 = P*2*17.5/100
11748 = P*35/100
11748×100/35= P
33565.714 = P = Principal Amount
Rate of Interest Per annum= R= i= 15/2%= 7.5%
Time = T= n = 2years
we know that
Simple Interest = PTR/100
Amount with simple interest= P(1+TR)
11748 = P*2*17.5/100
11748 = P*35/100
11748×100/35= P
33565.714 = P = Principal Amount
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4
I hope this will help you
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