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What is the sum of amount which gives Rs. 6300 as interest @ 7% per annum of simple interest in 7*1/2years?
- a)36000
- b)24000
- c)63000
- d)12000
- e)None of these
Correct answer is option 'D'. Can you explain this answer?
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Most Upvoted Answer
What is the sum of amount which gives Rs. 6300 as interest @ 7% per an...
S.I=6300,R=7%,T=7*1/2=15/2 YEARS
Formula
SI= P×R×T/100
6300 =P×7×15/100×2
6300=P×7×3/20×2
6300×40=P×7×3
6300×40/7×3=P
300×40=P
12000= P answer is D
Formula
SI= P×R×T/100
6300 =P×7×15/100×2
6300=P×7×3/20×2
6300×40=P×7×3
6300×40/7×3=P
300×40=P
12000= P answer is D
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What is the sum of amount which gives Rs. 6300 as interest @ 7% per an...
Calculation of Simple Interest:
Simple interest can be calculated using the following formula:
Simple Interest = (P * R * T) / 100
Where P is the principal amount, R is the rate of interest and T is the time period.
Given, the principal amount is not given, we need to find the sum of the amount which gives Rs. 6300 as interest.
Calculation of Principal Amount:
Principal Amount = (Simple Interest * 100) / (Rate * Time)
Given, Rate of interest = 7% per annum
Time period = 7 years and 6 months = 7.5 years
Principal Amount = (6300 * 100) / (7 * 7.5)
Principal Amount = Rs. 12000
Therefore, the sum of the amount which gives Rs. 6300 as interest @ 7% per annum of simple interest in 7*1/2 years is Rs. 12000. The correct option is D.
Simple interest can be calculated using the following formula:
Simple Interest = (P * R * T) / 100
Where P is the principal amount, R is the rate of interest and T is the time period.
Given, the principal amount is not given, we need to find the sum of the amount which gives Rs. 6300 as interest.
Calculation of Principal Amount:
Principal Amount = (Simple Interest * 100) / (Rate * Time)
Given, Rate of interest = 7% per annum
Time period = 7 years and 6 months = 7.5 years
Principal Amount = (6300 * 100) / (7 * 7.5)
Principal Amount = Rs. 12000
Therefore, the sum of the amount which gives Rs. 6300 as interest @ 7% per annum of simple interest in 7*1/2 years is Rs. 12000. The correct option is D.
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