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A sum of money amount to Rs.6200 in 2 years & 7400 in 3 yrs. The principle & rate of interest are?
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A sum of money amount to Rs.6200 in 2 years & 7400 in 3 yrs. Th...
At simple interest. If the interest rate is 5% per annum, then the principal amount is:
Let the principal amount be P.
Simple Interest = (P * R * T)/100
where R is the interest rate and T is the time period.
Given, Simple Interest = Rs. 6200 - P
R = 5% per annum
T = 2 years
Substituting the values in the formula, we get:
( P * 5 * 2 )/100 = 6200 - P
10P/100 = 6200 - P
11P/10 = 6200
P = (6200 * 10)/11
P = Rs. 5636.36
Therefore, the principal amount is Rs. 5636.36.
Let the principal amount be P.
Simple Interest = (P * R * T)/100
where R is the interest rate and T is the time period.
Given, Simple Interest = Rs. 6200 - P
R = 5% per annum
T = 2 years
Substituting the values in the formula, we get:
( P * 5 * 2 )/100 = 6200 - P
10P/100 = 6200 - P
11P/10 = 6200
P = (6200 * 10)/11
P = Rs. 5636.36
Therefore, the principal amount is Rs. 5636.36.
Community Answer
A sum of money amount to Rs.6200 in 2 years & 7400 in 3 yrs. Th...
Amount1= 6200, R1 =2 , Amount2 = 7400, R2= 3interest = amount 2 - amount 1 = 7400 - 6200= 1200..principal + 2 interest ( interest of two years)= Amount principal + 2(1200) = 6200principal = 6200-2400= 3800
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A sum of money amount to Rs.6200 in 2 years & 7400 in 3 yrs. The principle & rate of interest are?
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A sum of money amount to Rs.6200 in 2 years & 7400 in 3 yrs. The principle & rate of interest are? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A sum of money amount to Rs.6200 in 2 years & 7400 in 3 yrs. The principle & rate of interest are? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A sum of money amount to Rs.6200 in 2 years & 7400 in 3 yrs. The principle & rate of interest are?.
A sum of money amount to Rs.6200 in 2 years & 7400 in 3 yrs. The principle & rate of interest are? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A sum of money amount to Rs.6200 in 2 years & 7400 in 3 yrs. The principle & rate of interest are? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A sum of money amount to Rs.6200 in 2 years & 7400 in 3 yrs. The principle & rate of interest are?.
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