Find the principal which will earn an interest of RS 325 at 4 whole 1/3 % per annum in 8 whole 1/3 years .
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Answer:
91.40 Rupees
Step-by-step explanation:
Let the principal be x
Simple Interest = Rs 325
Rate = 4 whole 1/3% = 4× 1/3 %
= 133.33
Time = 8 whole 1/3 y = 8×1/3
= 8/3 = 2.66
SI = (PRT)/100
SI = (x × 133.33 × 2.66)/100
325 = 355.55x /100
355.55x = 32500
x= 32500×100/35555
x= RS 91.40
Principal = 91.40 Rupees
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