CLEAR
Toprankers-Info

+91 7676564400

Mobile App

Get it on Google Play
Discussions
Tags:

Articles

Discussions
Submit Discussion
Shyam KoppoJu

· started a discussion

· 1 Months ago

what is the Principle involved in it??? (Question: 125068.0 )

if SI=PTR/100
then P=340-x right?!

Question:
A person lent a certain sum of money at 4% simple interest; and in 8 years the interest amounted to Rs.340 less than the sum lent. Find the sum lent.
Options:
A) Rs.300 
B) Rs.500
C) Rs.700
D) Can’t be determined
E) None of these
Solution:

Let P=x


then interest = x-340


Now, apply formula,


SI = PRT/100


x-340 = 32x/100


so, x=500


Hence, Required sum = Rs.500

Knowledge Expert

· commented

· 1 Months ago

yes , you are doing right...

Let P=x

then interest = x-340

Now, apply formula,

SI = PRT/100

x-340 = 32x/100

so, x=500

Hence, Required sum = Rs.500
-logo
We at aim to provide most comprehensive content & test for practice which is carefully divided into various chapters and topics to help you focus on your weak areas.Our Practice mock test gives you unmatched analytics to help you realize your strong areas,time management and improvement areas.Our Short & Crisp notes on each topic will help you to quickly revise the topic along with the tips & tricks of the exams.
More About
-Info
-Info

Mobile App

Get it on Google Play
About Us Campus Ambassador Careers Contact Us Refund Policy

All Rights Reserved Top Rankers

User Policy
Disclaimer
Terms & Conditions