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1 mark

What sum of money will amount to ₹ in years at the rate of per annum simple interest?

  1. A
  2. B
  3. C
  4. D

Solution & Step-by-step Explanation

Let the principal sum of money be .Given:Amount () = ₹ Time () = Rate of interest () = per annumThe formula for Simple Interest () is:

The total amount is the sum of the principal and simple interest:

Substitute the given values into the formula:




Solving for :

Thus, the principal sum of money is ₹.

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What sum of money will amount to ₹ in years at the rate of per annum simple interest?
A
B
C
D

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