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A sum of money invested at 8% per annum for simple interest amounts to Rs. 24,244 in 4 years. Find principle.?
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A sum of money invested at 8% per annum for simple interest amounts to...
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Given information:
- Rate of interest = 8% per annum
- Simple interest amount after 4 years = Rs. 24,244
Formula for calculating simple interest:
- Simple Interest (SI) = (Principal x Rate x Time) / 100
Calculation:
- Let the principal amount be P.
- After 4 years, the simple interest will be: SI = (P x 8 x 4) / 100 = 32P / 100
- Given that the simple interest amount after 4 years is Rs. 24,244, we have:
32P / 100 = 24,244
32P = 24,24400
P = 24,24400 / 32
P = 75762.5
Therefore, the principal amount is Rs. 75,762.50.
Given information:
- Rate of interest = 8% per annum
- Simple interest amount after 4 years = Rs. 24,244
Formula for calculating simple interest:
- Simple Interest (SI) = (Principal x Rate x Time) / 100
Calculation:
- Let the principal amount be P.
- After 4 years, the simple interest will be: SI = (P x 8 x 4) / 100 = 32P / 100
- Given that the simple interest amount after 4 years is Rs. 24,244, we have:
32P / 100 = 24,244
32P = 24,24400
P = 24,24400 / 32
P = 75762.5
Therefore, the principal amount is Rs. 75,762.50.
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A sum of money invested at 8% per annum for simple interest amounts to Rs. 24,244 in 4 years. Find principle.?
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A sum of money invested at 8% per annum for simple interest amounts to Rs. 24,244 in 4 years. Find principle.? for Class 7 2024 is part of Class 7 preparation. The Question and answers have been prepared according to the Class 7 exam syllabus. Information about A sum of money invested at 8% per annum for simple interest amounts to Rs. 24,244 in 4 years. Find principle.? covers all topics & solutions for Class 7 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A sum of money invested at 8% per annum for simple interest amounts to Rs. 24,244 in 4 years. Find principle.?.
A sum of money invested at 8% per annum for simple interest amounts to Rs. 24,244 in 4 years. Find principle.? for Class 7 2024 is part of Class 7 preparation. The Question and answers have been prepared according to the Class 7 exam syllabus. Information about A sum of money invested at 8% per annum for simple interest amounts to Rs. 24,244 in 4 years. Find principle.? covers all topics & solutions for Class 7 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A sum of money invested at 8% per annum for simple interest amounts to Rs. 24,244 in 4 years. Find principle.?.
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