Question

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

Answer 1

SI = P * T * R/100

Here we converted 3 months into year = 3/12 = 1/4 year

P = (170.10 * 100)/(6 * 9/4) = 1260

Answer 2

Correct Question:-

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

per annum?

Given :

P = Rs.170.10

Time - 2 years 3 months

Rate - 6%

Solution:

$\: s.i \: = \frac{p \times r \times t}{100}$

$= > \frac{170.10 \times 6 \times \frac{9}{4} }{100}$

$= > rs.22.9635$

Hence, the required answer is Rs.22.9635 .

☆Additional Information ☆

Important Formulae to remember:

$s.i \: = \frac{p \times r \times t}{100}$