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A sum at simple interests at 13 ½ % per annum amounts to Rs.2502.50 after 4 years find the sum.

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A sum at simple interests at 13 ½ % per annum amounts to Rs.2502.50 after 4 years find the sum. 

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1 Answer

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Best answer

Let sum be Rs. x then , S.I.=Rs.(x*(27/2) *4*(1/100) ) = Rs.27x/50

amount = (Rs. x+(27x/50)) = Rs.77x/50 

77x/50 = 2502.50 

x = 2502.50 * 50/77 = 1625 

Hence , sum = Rs.1625.

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