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A sum fetched a simple interest of Rs. 7056 at the rate of 8 percent per year in 7 years. What is the sum?

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A sum fetched a simple interest of Rs. 7056 at the rate of 8 percent per year in 7 years. What is the sum?
  • ARs. 12600
  • BRs. 15120
  • CRs. 10080
  • DRs. 7560
Answer not set
0
CCommunity
SI = P × R × T/100

⇒ 7056 = P × 8 × 7/100

⇒ P = 7056 × 100/ 56

∴ P = 12600
0
CCommunity
SI = P × R × T/100

⇒ 7056 = P × 8 × 7/100

⇒ P = 7056 × 100/ 56

∴ P = 12600