Question

A sum of money put out simple interest amounted to RS 915 in 4 years at 5.5% per annum.what is the sum

Answer 1

Answer:

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A sum of money put out simple interest amounted to RS 915 in 4 years at 5.5% per annum. what is the sum.

• Principal = 915

• Rate of interest = 5.5 p.a

• Number of years = 4

• Amount = ?

Amount = simple interest + principal

simple interest = principal× time ×rate / 100

➡️ 915×4×5.5/100

➡️ 201.3

Amount = 915 + 201.3

➡️ 1116.3