Question

Find the Amount on Rs 3,000 for 219 days at 6% per annum.

Answer 1

Let the SI be "x"

Given P = 3000 ; R = 6% ; T = 219 days = 219/365

We know that S.I = PTR/100

===> (x * 6 * 219) / (365 * 100)

===> 1314X / 36500

we know that A = P + S.I

===> x + (1314x / 36500)

===> 37814x/36500

Given Amount = 3000

===> (37814x / 36500) = 3000

===> 37814x = 3000*36500

===> x = (3000*36500/37814)

===> x = 2,895.7

Therefore the sum is 2895.7

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