an intrest of 170 at 2 ½ per annum when the principal is 160
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Let the sum=P Rs.
S.I=50 Rs.
Rate of interest=5 %
Time =2 years.
S.I= P×R×T/100
50= P×5×5/100
P= 50×100/5×2 =500Rs.
C.I. of 500 Rs
Amount=500(1+ 5/100) 2
⇒500× 100/105 × 100/105.
⇒500× 21/20 ×21/20
⇒551.25
C.I=551−500−51.25Rs.
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