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annum for 4 years. Find the markup of the bank.
3. Naseem receives a profit of
Rs27,000 at the rate of
12% per year for 3 years. Find his original investment.
A. At what annual rate percent would Rs 68,000 amount to

annum for $4$ years. Find the markup of the bank. $\newline$ $3$ . Naseem receives a profit of $\mathrm{Rs} 27,000$ at the rate of $12 \%$ per year for $3$ years. Find his original investment. $\newline$ A. At what annual rate percent would Rs $68$ , $000$ amount to

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Finance problems

Full solution

Q. annum for

4

years. Find the markup of the bank.

\newline

3

. Naseem receives a profit of

\mathrm{Rs} 27,000

at the rate of

12 \%

per year for

3

years. Find his original investment.

\newline

A. At what annual rate percent would Rs

68

,

000

amount to

Formula for simple interest: We know the formula for simple interest is $I = PRT$ , where $I$ is the interest, $P$ is the principal amount (original investment), $R$ is the rate of interest per year, and $T$ is the time in years.
Given values: Given $I = \text{Rs}\, 27,000$ , $R = 12\%$ per year, and $T = 3$ years, we need to find $P$ .
Substitute values: Substitute the given values into the formula: $27000 = P \times (\frac{12}{100}) \times 3$ .
Solve for P: Solve for P: $P = \frac{27000}{(\frac{12}{100}) \times 3}.$
Calculate P: Calculate P: $P = \frac{27000}{0.12 \times 3} = \frac{27000}{0.36}$ .
Final result: $P = 75000$ .

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