14. What sum will amount to 9112 at 2 2/5% rate per annum simple interest in 3 years?
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1
Answer:
=Rs. 340,Time=2 years,R=4% (i)Let the sum of money be rs. x S. I=100 PRT ⇒340=100x×4×2 ⇒x=4×2340×100=Rs. 4250 (ii)C.I for Rs. 4250 for one year payable half-yearly ∴ T=1 year=2 half year,Rate=24 ...
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2
Answer:
Rs. 8500
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