Practicing Success
If the simple interest on a certain sum of money for 3 years at the rate of 12.5% p.a. is Rs.3500 less than its principal then find simple interest (in Rs.). |
2200 2000 2500 2100 |
2100 |
\(\frac{P\;×\;25\;×\;3}{2\;×\;100}\) = P - 3500 ⇒ \(\frac{5P}{8}\) = 3500 ⇒ P = 5600 ⇒ Simple Interest = 5600 - 3500 = 2100 |