Question

At which sum will the simple interest at the rate 15/4% pwr annum be Rs.240 in in 7/3 years

Answer 1

Hey Answer is
R = 15/4%
T = 7/3 year
SI = 240

P = SI x 100/RT
$= \frac{240 \times 4 \times 3 \times 100}{15 \times 7} \\ = 2742.85$
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Answer 2

Rate ,R= 15/4℅
time,T = 7/3 years
amount= 240

so, simple interest= P×T×R/100= 240×15×7/1200=24×15×7/120=21

now sum of 240+21= 261

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