# What sum of money lent out at 16 per cent per annum simple interest would produce ₹9600 as interest in 2 years

**Solution:**

Given, the sum of money lent out at 16 per cent per annum simple interest would produce ₹9600 as interest in 2 years.

We have to find the sum of money.

According to the question,

I = ₹9600

R = 16%

T = 2 years

We know, I = P × R × T/100

9600 = P × 16 × 2/100

9600 = P×16/50

P = 9600 × (50/16)

= 600 × 50

= 30,000

Therefore, the sum of money lent is ₹30,000.

**✦ Try This: **If a certain sum of money amounts to Rs. 1760 in two years and Rs. 2000 in 5 years at simple interest, find the sum.

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

**NCERT Exemplar Class 7 Maths Chapter 7 Problem 127**

## What sum of money lent out at 16 per cent per annum simple interest would produce ₹9600 as interest in 2 years

**Summary:**

The sum of money lent out at 16 per cent per annum simple interest would produce ₹9600 as interest in 2 years is ₹30,000.

**☛ Related Questions:**

- Harish bought a gas-chullah for ₹900 and later sold it to Archana at a profit of 5 per cent. Archana . . . .
- Match each of the entries in Column I with the appropriate entries in Column II: Column I Column II . . . .
- In a debate competition, the judges decide that 20 percent of the total marks would be given for acc . . . .

Math worksheets and

visual curriculum

visual curriculum