A sum of money invested for 2 years and 9 months at the rate of 8% simple interest per
annum became ₹ 732 at the end of the period. What was the sum that was initially invested?
For Simple Interest-
We know that Amount = Prinicipal + Interest
Here interest = $$\frac {P \times R \times T} {100} $$
Amount = $$P + \frac {P \times R \times T} {100} $$
Where,
P - Principal Amount
R - Annual Interest Rate = 8%
T - Time (in years) = 2 years 9 months = 2 $$\frac {9}{12} = 2 \frac{3}{4} = \frac {11}{4}$$
Putting values,
732 = $$P + \frac {P \times R \times T} {100} $$
$$732 = P + \frac {P \times 8 \times 11} {4 \times 100}$$
P= 600
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