Question

The simple interest on a certain sum for $3$ years at $10\%$ per annum is $Rs.829.50$. Find the sum.

Answer 1

The simple interest is given as $Rs829.50$ with the rate of $10\%$ per annum for $3$ years.

$S.I.=\frac{P\times R\times T}{100}$

$829.50=\frac{P\times 10\times 3}{100}$

$P=\frac{829.50\times 100}{10\times 3}$

$\Rightarrow P=Rs2765$