Discover how IDNLearn.com can help you find the answers you need quickly and easily. Find reliable solutions to your questions quickly and accurately with help from our dedicated community of experts.

A sum amounts to ₹2400 at 15% simple interest per annum after 4 years fond the sum.​

Sagot :

Answer: $1,500

Explanation:

The future value of value using simple interest is:

Future value = Value * ( 1 + rate * time)

2,400 = Value * (1 + 15% * 4)

2,400 = Value * 1.6

Value = 2,400 / 1.6

Value = $1,500