from a handpicked tutor in LIVE 1-to-1 classes

# Dhruvika invested money for a period from May 2006 to April 2008 at a rate of 12% per annum. If interest received by her is ₹1620, find the money invested

**Solution:**

Dhruvika invested money for a period from May 2006 to April 2008 at a rate of 12% per annum. The interest received by her is ₹1620.

We have to find the money invested.

According to the question,

I = ₹1620

R = 12%

T = 2 years

We know, Interest I = P × R × T/100

1620 = P × 12 × 2/100

1620 = P × 12/50

1620 = P × 6/25

P = 1620 × (25/6)

= 170 × 25

= 6750

Therefore, the amount invested is ?6750.

**✦ Try This: **A sum of money invested at a certain rate of interest doubles itself in 10 years. In how many years will the money triple itself at the same rate?

**☛ Also Check: **NCERT Solutions for Class 7 Maths Chapter 8

**NCERT Exemplar Class 7 Maths Chapter 7 Problem 110**

## Dhruvika invested money for a period from May 2006 to April 2008 at a rate of 12% per annum. If interest received by her is ₹1620, find the money invested

**Summary:**

Dhruvika invested money for a period from May 2006 to April 2008 at a rate of 12% per annum. If interest received by her is ₹1620, the money invested is ₹6750.

**☛ Related Questions:**

- A person wanted to sell a scooter at a loss of 25%. But at the last moment he changed his mind and s . . . .
- The population of a village is 8000. Out of these, 80% are literate and of these literate people, 40 . . . .
- In an entertainment programme, 250 tickets of ₹400 and 500 tickets of ₹100 were sold. If the enterta . . . .

visual curriculum