Question

find the principal on which a simple intrest of ₹55 will be obtained after 9 month at the rate of 11/3% per annum?​

Answer 1

Step-by-step explanation:

given,

interest = rs. 55

time = 9 months or 3/4 yrs

rate = 1 1/3% or 4/3%

we know,

principal / P

P = 100 × I / rt

after inse= ting the values we got,

→ 100 × 55 × 3 × 4 / 4 × 3

→ 5500 × 12 / 12

→ 5500 rs.

therefore required principal is 5500rs.

hope this answer helps you dear!