Question

Find the principal on which a simple interest of rs 55will be obtained after 9months at the rate of11/3 per annum.

Answer 1

Answer:

₹2000

Step-by-step explanation:

Let the Principal be P.

Given, SI=₹55

Rate of interst(R)=11/3%

Time(T)=9 months=9/12 yr

It is known that SI=PRT/100

Therefore; P=(100×SI / R×T)

Now putting the given values in the equation we get:

P=(100×55 / 11×9) × 3×12

P=₹2000

HOPE IT HELPS AND HAVE A NICE DAY AHEAD.