Dipanshu invested a sum of money from May 2006 to May 2008 at the rate of 12% per annum. If the interest received by him is ₹1620, find the invested money.

Open in App

Solution

May (2008 - 2006) = 2 years

interest = 12 %

I = PRT / 100

P = 100 * I / RT

== (1620 * 100) / (2 * 12)

=> 6750

Suggest Corrections

Similar questions

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.

Q. Chandrika invested ₹ 20,000 for a period from June 2015 to May 2017 at a rate of 12 % per annum at simple interest. The interest received by her is .

Deepa invested a sum of money from March $2011$ to March $2016$ at the rate of $12 %$ p.a. If the interest received is $R s .1620$ , find the sum.

Q. Rs.

500

was invested at

12

% per annum simple interest and a certain sum of money invested at

10

% per annum simple interest. If the sum of the interests on both the sums after

4

years is Rs.

480

, the latter sum of money is ?

Q. Deepak invested Rs. 50000 in a bond which was giving him

10 %

interest per annum at compound interest. Find the money received by Deepak after 3 years if he has to pay

20 %

tax on the compound interest every year.

Join BYJU'S Learning Program

Dipanshu invested a sum of money from May 2006 to May 2008 at the rate of 12% per annum. If the interest received by him is ₹1620, find the invested money.

May (2008 - 2006) = 2 years interest = 12 % I = PRT / 100 P = 100 * I / RT == (1620 * 100) / (2 * 12) => 6750

May (2008 - 2006) = 2 years

interest = 12 %

I = PRT / 100

P = 100 * I / RT

== (1620 * 100) / (2 * 12)

=> 6750