Question

what sum will yield an interest of Rs 7840 in 2 year at 6.25% per annum?​

Answer 1

Answer:

Rs. 62,720

Step-by-step explanation:

For Simple Interest:

I = PRT/100

I = 7840, R = 6.25, T = 2

P = ?

Rearranging:

P = 100I / RT

P = (100 x 7840) / (6.25 x 2)

P = 784000 / 12.5

P = 62720