Question

Calculate the money for which monthly intrest is rs 1 having the rate of simple intrest of 5% per anum

Answer 1

$\frac{1}{12}$Answer:

240

Step-by-step explanation

Simple Interest= P

                         1=(P x 5 x $\frac{1}{12}$ )÷ 100

We get

P=240

the money for which monthly intrest is rs 1 =240