What sum of money lent for 3 year at 4% per year will amount to ₹392​

2 thoughts on “What sum of money lent for 3 year at 4% per year will amount to ₹392​”

1. Given and to find :

   • What sum of money lent for 3 year at 4% per year will amount to ₹392.

   Concept :

   • From the Simple Interested concepts.

   Using formula :

   • SI = P × R × T/100

   Know terms :

   • Simple interest = (SI).
   • Principal = (P).
   • Rate = (R).
   • Time = (T).

   Calculations :

   → 392 = P × 3 × 4/100

   → 39200/12

   → 3,266.66667

   Therefore, this is the required answer.

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2. Answer. So,if someone lent 3266.67 rupees on 4% for 3 years the interest earned is rs 392. Hope it helps you.

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