find what sum of money will yield ₹ 231 interest in 3 years at 7 p.a.
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Answer:
190.90
Step-by-step explanation:
A= ₹231
T= 3 years
R= 7%
A= SI+P
A= {(P×R×T)/100} +P
231= (P×7×3/100) + P
231=21P/100 +P
231= 121P/100
121P= 231×100
121P= 23100
P= 23100/121
P= 190.90
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