Question

1. What sum of money will yield ruppee 170.10 as simple interest in 2 years 3 months at 6% per annum.
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Answer 1

Answer:

Rs. 1232.6 is your correct answer!!

Answer 2

What sum of money will yield Rs 170.10 as simple interest in 2 years 3 months at 6% per annum?

Medium

Solution

verified

Verified by Toppr

Here,

I=Rs 170.10

T=2 years 3 months =2

12

3

years =

2 1/4

years=

9

4

years

R=6%

Hence,

P=

(R×T)

(I×100)

=Rs

170.10×100×4

6×9

On calculating further, we get,

P=Rs 170.10×100×4

6×9

=Rs

17010×4

6×9

=Rs

17010×2

3×9

=Rs

34020

27

=Rs 1260

Step-by-step explanation:

rs. 1260 is the answer