Question

interest per annum?
Find the principal on which a simple interest of 55 will be obtained after 9 months at the rate of 11/3 % per annum ​

Answer 1

Answer: 2000

Step-by-step explanation:

let the principal be x

SI = principal * rate of interest* time period

55=  x * 11/3/100 * 9/12

x= 55*3*12*100/11*9

x= 5*4*100

x= 2000