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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:

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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.

This problem has been solved

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