Question

At which sum will the simple interest at the rate of 15 /4 per annum be Rs 210 in 7 /3 years

Answer 1

S.I = ₹210.....
R = 15/4......
T = 7/3.......

S.I = P×n(n-1) ×r/2400
210 = P × 2.33 ( 2.33 - 1 ) 3.75/2400
210 = P × 3.10 × 3.75/2400
210 = P × 0.004
P = 52,500.....