A sum of money deposit in a bank for a period of $4$ year at $8.5 %$ p.a simple interest earns an intrest of $R s 850$ . Find the sum.

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Solution

Given Time period = 4 years
Rate of interest = 8.5% p.a
simple interest Rs 850
We know
$S . I = \frac{P R T}{100}$
$\frac{850 \times 1000}{8.5 \times 4} = p$
$p = 10 \times 250 = 2500$
$∴$ The sum will be 2500 Rs

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A sum of money deposit in a bank for a period of 4 year at 8.5% p.a simple interest earns an intrest of Rs 850. Find the sum.

Given Time period = 4 yearsRate of interest = 8.5% p.asimple interest Rs 850We knowS.I=PRT100850×10008.5×4=pp=10×250=2500∴ The sum will be 2500 Rs

A sum of money deposit in a bank for a period of $4$ year at $8.5 %$ p.a simple interest earns an intrest of $R s 850$ . Find the sum.

Given Time period = 4 years
Rate of interest = 8.5% p.a
simple interest Rs 850
We know
$S . I = \frac{P R T}{100}$
$\frac{850 \times 1000}{8.5 \times 4} = p$
$p = 10 \times 250 = 2500$
$∴$ The sum will be 2500 Rs