Question

Find the sum which will amount to Rs 165.75 in 7/2 years at 3% per annum simple interest.

Answer 1

sum will be found with the formulae of Principal by
Amount multiplied by 100/100 added with rate multiplied by time as follows
165.75multiplied by 100/ 100+3 multiplied by 7/2 then answer will be150

Answer 2

hey friend here is your answer
A = Rs 165.75
let the principle be x
interest = 3%
time = 7/2 years
S.I = Amount - Principle
P×R×T/100 = 165.75 - x
×*3*7/2 /100= 165.75 - x
0.105x + x = 165.75
1.105x = 165.75
therefore, x = 150
therefore the sum of money =Rs 150