1.

A sum fetched a simple interest of Rs. 7056 at the rate of 8 percent per year in 7 years. What is the sum?1). Rs. 126002). Rs. 151203). Rs. 100804). Rs. 7560

Answer»

<P>SI = P × R × T/100

⇒ 7056 = P × 8 × 7/100

⇒ P = 7056 × 100/ 56

∴ P = 12600


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