Question

A sum amount to Rs 3584 in 219days at 4 percent annum simple interest . the sum is?

Answer 1

$\textbf {Hey there, here is the solution.}$

.............................................................................................

A = P(1 +RT)

.

Given that the Amount is Rs 3584, interest is at 4% and it was placed for 219 days:

3584 = P(1 + 4/100 x 219/365)

3584 = P(1 + 0.04 x 0.6)

3584 = P(1 + 0.024)

3584 = 1.024P

P = 3586 ÷ 1.024

P = Rs 3500

.............................................................................................

Answer: The principle amount was Rs 3500

.............................................................................................

⭐$\textbf {Cheers}$⭐