Dhruvika invested money for a period from May 2006 to April 2008 at the rate of 12 % per annum. If interest received by her is ₹ 1620, then find the money invested.

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Solution

Given, I = ₹ 1620 and R = 12 %
Time = From May 2006 to April 2008 = 2 yr
$∵ I = \frac{P \times R \times T}{100} ∴ P = \frac{I \times 100}{R \times T} = \frac{1620 \times 100}{12 \times 2} \Rightarrow P = ₹ 6750$
Hence, the invested money is ₹ 6750.

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Standard VII Mathematics

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Dhruvika invested money for a period from May 2006 to April 2008 at the rate of 12 % per annum. If interest received by her is ₹ 1620, then find the money invested.

Given, I = ₹ 1620 and R = 12 % Time = From May 2006 to April 2008 = 2 yr ∵I=P×R×T100∴P=I×100R×T=1620×10012×2⇒P=₹6750 Hence, the invested money is ₹ 6750.

Given, I = ₹ 1620 and R = 12 %
Time = From May 2006 to April 2008 = 2 yr
$∵ I = \frac{P \times R \times T}{100} ∴ P = \frac{I \times 100}{R \times T} = \frac{1620 \times 100}{12 \times 2} \Rightarrow P = ₹ 6750$
Hence, the invested money is ₹ 6750.