A sum fetched a total simple interest of Rs 5320 at the rate of 7% per year in 5 years. What is the sum?
Let the sum = Rs. $$x$$
Rate of interest = 7% and time = 5 years
Simple interest = $$\frac{P \times R \times T}{100}$$
=> $$\frac{x \times 7 \times 5}{100} = 5320$$
=> $$x = 5320 \times \frac{20}{7}$$
=> $$x = 760 \times 20 = Rs. 15,200$$
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