A sum fetched a simple interest of Rs 3360 at a rate of 6% per year in 7 years. Find the sum.
Answer & explanation
Correct answer: option 1
Simple Interest = $\frac{P \times R \times T}{100}$
3360 = $\frac{P\times6\times7}{100}$
P = Rs 8000
A sum fetched a simple interest of Rs 3360 at a rate of 6% per year in 7 years. Find the sum.
Correct answer: option 1
Simple Interest = $\frac{P \times R \times T}{100}$
3360 = $\frac{P\times6\times7}{100}$
P = Rs 8000