Question

Q8) What sum of money lent out at 12 per cent p.a. simple interest would produce * 9000 as interest in 2 years?​

Answer 1

SI=P*R*T/100

SI=9000*12*2/100

SI=2160

TOTAL AMOUNT=2160+9000=11160

Answer 2

simple interest would produce ₹ 9000 as interest in 2 years? Rate = 12% p.a. Principal = ? Hence, the required principal amount = ₹ 37500