Question

dhruvikaran invested money from may 2016to April 2018 at a rate of 12% per annum. if the interest received by her is ₹ 1,680 , how much money did she invest ?​

Answer 1

Dhruvikaran invested ₹7,000.

Step-by-step explanation:

To calculate the amount invested by Dhruvikaran, we can use the formula:

Interest = Principal x Rate x Time

Given that the interest received is ₹1,680 and the rate is 12% per annum, we can plug these values into the formula and solve for the principal (amount invested).

1680 = Principal x 0.12 x (2018 - 2016)

1680 = Principal x 0.12 x 2

1680 = Principal x 0.24

Dividing both sides by 0.24, we get:

Principal = 1680 ÷ 0.24 = ₹7,000

Therefore, Dhruvikaran invested ₹7,000.