A sum at simple interest at 12.5% per annum amounts to Rs. 2000 after 5 years. Find the sum.

Options
- Rs. 1378.56
- Rs. 1453.67
- Rs. 1674. 45
- Rs. 1230.76

CORRECT ANSWER : Rs. 1230.76

Discussion Board
N=5years,R=12.5%,S.I=2000-P, Amount=2000,P=?

2000-P=P*12.5*5/100
2000-P=P*2.5/4
4(2000-P)=2.5P
8000-4P=2.5P
8000=2.5P+4P
8000=6.5P
P=8000/6.5
P=1230.76


Arthi K 06-7-2024 08:58 AM

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