Question

find the sum of money when simple interest at 7 1/4% pa for 2 1/2 years is 2356.25​

Answer 1

Step-by-step explanation:

Answer is 13000.

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Answer 2

Step-by-step explanation:

S:I =2356.25

RATE=7 1/4%= 29/4%

TIME=2 1/2 YEARS = 5/2 YEARS

PRINCIPAL (P)=S.I × 100 / R × T = 2356.25 × 100 × 4 × 2 / 29 × 5 × 100 =13000

HOPE IT HELP YOU.