Question 92

A sum fetched a total simple interest of Rs 5320 at the rate of 7% per year in 5 years. What is the sum?

Solution

Let the sum = Rs. $$x$$

Rate of interest = 7% and time = 5 years

Simple interest = $$\frac{P \times R \times T}{100}$$

=> $$\frac{x \times 7 \times 5}{100} = 5320$$

=> $$x = 5320 \times \frac{20}{7}$$

=> $$x = 760 \times 20 = Rs. 15,200$$

Share on Whatsapp Share on Whatsapp

Create a FREE account and get: