Question

at which sum will the simple interest at the rate of 15/4 % per annum be ₹210 in 7/3 years ?
step by step explanation ​

Answer 1

Answer;

s.i = rs 210

rate=15/4%

time=7/3 hrs

p=?

s.i=p*R*T/100

210=(p*15/4*3)/100

210=8.75p/100

=1000*210/8.75

p= rs24000

hence, the principal value is rs24000

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