1.
in 3 years at 4%.
1
What sum will produce Rs 102 simple interest in 3 years at 4%
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1.
in 3 years at 4%.
1
What sum will produce Rs 102 simple interest in 3 years at 4%
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Answer:
Principal = 850
Amount = 952
Step-by-step explanation:
Simple interest = Principal × Time × Rate / 100
102 = Principal × 3 × 4 / 100
102 = Principal × 12 / 100
102 ÷ 12 / 100 = Principal
102 × 100 / 12 = Principal
Principal = 850
Therefore, Amount = 850 + 102 = 952
Amount = 952