Question

What sum will yield an interest of Rs.7840 in 2 years at 6% per annum?
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Answer 1

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SI = Rs. 7840

Time = 2 years

Rate = 6%

principle = ?

A.T.Q.

$si = \frac{p \times r \times t}{100}$

$7840 = \frac{p \times 2 \times 6}{100}$

$\frac{7840 \times 100}{12} = p$

$p = 65333.33$

Therefore, the amount is Rs. 65333.33

Answer 2

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SI = Rs. 7840

Time = 2 years

Rate = 6%

principle = ?

A.T.Q.

SI = P×R×T/100

7840 = p×2×6/100

7840×100/12 =p

p = =65333.33

Therefore, the amount is Rs. 65333.33 Ans.