What sum of money lent out at 25% per annum for 7 years would produce – InterviewSolution

1.

What sum of money lent out at 25% per annum for 7 years would produce rupees 20.08 ?

Answer»

Answer:

Rs.251

Step-by-step EXPLANATION:

Step-by-step explanation:

SI=20.08

R=25%

Y=7

P=(SI×100)/(R×T)

= (20.08×100)/(12×7)

=(2008)/(84)

=Rs.251

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