Question

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

Answer 1

Here,

I = Rs. 170.10

Time = 2years 3 months

=

$2 \frac{3}{12 \: } \: years \: = 2 \frac{1}{4} \: years \\ = \frac{9}{4} \: years \: \\ r = 6\% \\hence \: \\ p = \frac{(i \times 100)}{(r \times t) } \\ = rs \frac{170.10 \times 10}{6 \times \frac{9}{4} } \\ On calculating further, we get, \\ P=Rs  \frac{170.10×100×4}{6 \times 9 } \\ = rs = \frac{17010 \times 2 }{3 \times 9} \\ = rs \: \frac{34020}{27} \\ = rs = 1260</p><p>$

hope so it helps u...