Math, asked by avijitpaul98750, 4 days ago

If simple interest on a certain principal at 6% per annum for 5 months be Rs. x/10, then what is the principal?

Answers

Answered by rubyvaish1234
0

Answer:

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Class 11

>>Applied Mathematics

>>Basics of financial mathematics

>>Accumulation with simple and compound interest

>>On what principal will the ...

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On what principal will the simple interest be Rs.7,008 in 6 years 3 months at 5% per year ?

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Solution

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Correct option is

A

22426

Simple Interest is given by

I=

100

PNR

Where I = simple interest

P = Principal

N = number of years

R = rate of interest

Given,

I=Rs.7008

N=6 years and 3 months =6

12

3

=6

4

1

=

4

25

years

R=5%

Substituting the values in the formula:

⇒7008=

100

4

25

×5

⇒7008=

400

P×125

⇒P=Rs.22425.60

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