Contact Style About


14. A sum of money is invested for 3 years at a particular rate of interest. If the rate of interest
were 3% p.a. highe

By Kinsley

14. A sum of money is invested for 3 years at a particular rate of interest. If the rate of interest
were 3% p.a. higher, the interest would have been 1467 more. Find the sum of money.
​

About the author
Kinsley

state
The attempts made by
the
people of
Jodia and
British to resolve the political
Problems of Indi

A body goes from A to B with a velocity of 20 m/s and comes back from b to a with a velocity of 30 m/s the average velocity

1 thought on “<br />14. A sum of money is invested for 3 years at a particular rate of interest. If the rate of interest<br />were 3% p.a. highe”

  1. Step-by-step explanation:

    Given: Rate of interest (R)=3%

    Time(T)=3 years

    Simple interest (I)=1467

    To find: Sum of money i.e. Amount(A)

    Solution/Calculation:

    I=P×R×T/100

    1467=P×3×3/100

    1467×100/9=P

    P=146700/9

    P=16300

    Amount=Principle+Interest

    =16300+1467

    =17767.

    Reply

Leave a Reply to Serenity Cancel reply