The sum which will earn a simple interest of Rs. 126 in 2 years at 14% per annum is:
Question
The sum which will earn a simple interest of Rs. 126 in 2 years at 14% per annum is:
Solution
To find the sum that will earn a simple interest of Rs. 126 in 2 years at 14% per annum, you can use the formula for simple interest:
I = PRT/100
where: I = Interest P = Principal amount (the sum of money that you want to find) R = Rate of interest T = Time period
In this case, you know that I = Rs. 126, R = 14% per annum, and T = 2 years. You want to find P.
So, you can rearrange the formula to solve for P:
P = I * 100 / (R * T)
Substitute the given values into the formula:
P = 126 * 100 / (14 * 2)
P = 12600 / 28
P = Rs. 450
So, the sum that will earn a simple interest of Rs. 126 in 2 years at 14% per annum is Rs. 450.
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