what sum will yield rs.1716 as simple interest in 3 years at 10% p.a. ?
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Hi ,
Simple interest ( I ) = Rs 1716
Time ( T ) = 3 years
Rate of interest ( R ) = 10%
Let the required sum = principal = P
P = ( 100 × I )/ TR
= ( 100 × 1716 ) / ( 3 × 10 )
= 10 × 572
= Rs 5720
Therefore ,
Required sum = P = Rs 5720
I hope this helps you.
: )
Simple interest ( I ) = Rs 1716
Time ( T ) = 3 years
Rate of interest ( R ) = 10%
Let the required sum = principal = P
P = ( 100 × I )/ TR
= ( 100 × 1716 ) / ( 3 × 10 )
= 10 × 572
= Rs 5720
Therefore ,
Required sum = P = Rs 5720
I hope this helps you.
: )
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