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What sum will yield an interest of Rs. 7...

What sum will yield an interest of Rs. 7840 in 2 years at `6""1/4%` per annum?

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To solve the problem, we need to find the principal amount (P) that will yield an interest of Rs. 7840 in 2 years at a rate of 6 1/4% per annum. ### Step-by-Step Solution: 1. **Identify the given values:** - Simple Interest (SI) = Rs. 7840 - Time (T) = 2 years - Rate (R) = 6 1/4% = 6.25% 2. **Convert the rate into a fraction:** - 6 1/4% can be converted to an improper fraction: \[ 6 \frac{1}{4} = \frac{25}{4} \text{ percent} \] 3. **Use the Simple Interest formula:** - The formula for Simple Interest is: \[ SI = \frac{P \times R \times T}{100} \] - Here, we need to rearrange the formula to find P: \[ P = \frac{SI \times 100}{R \times T} \] 4. **Substitute the known values into the formula:** - Substitute SI = 7840, R = \frac{25}{4}, and T = 2 into the rearranged formula: \[ P = \frac{7840 \times 100}{\left(\frac{25}{4}\right) \times 2} \] 5. **Calculate the denominator:** - First, calculate \( \frac{25}{4} \times 2 \): \[ \frac{25 \times 2}{4} = \frac{50}{4} = 12.5 \] 6. **Now substitute back to find P:** - Substitute the value of the denominator back into the equation for P: \[ P = \frac{7840 \times 100}{12.5} \] 7. **Perform the multiplication:** - Calculate \( 7840 \times 100 = 784000 \) 8. **Finally, divide to find P:** - Now divide \( 784000 \) by \( 12.5 \): \[ P = \frac{784000}{12.5} = 62720 \] 9. **Conclusion:** - The principal amount (P) is Rs. 62720. ### Final Answer: The sum that will yield an interest of Rs. 7840 in 2 years at 6 1/4% per annum is **Rs. 62720**.
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