Manish invested a certain sum of money at 10% per annum simple interest. If he receives an interest of ₹72780 after 1 year, the sum (in ₹) he invested is:
- A727812
- B728383
- C727925
- D727800
Solution & Step-by-step Explanation
The formula for Simple Interest is:
SI=
100
P×R×T
Given:
SI=₹72780
R=10%
T=1 year
Substituting the values into the formula:
72780=
100
P×10×1
72780=
10
P
P=72780×10=₹727800
SI=
100
P×R×T
Given:
SI=₹72780
R=10%
T=1 year
Substituting the values into the formula:
72780=
100
P×10×1
72780=
10
P
P=72780×10=₹727800