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