Question

let us determine the amount of rs 960 at the rate of simple interrest of 8 1/2%annum for 1year.3 months

Answer 1

Hey there,

Principal=p=Rs 960
Rate of interest =r = 81/3=8+1/3=25/3%
Time =t = 1yr3mon= 1+3/12=15/12=5/4 yrs
I=ptr/100
I=(960×5×25)/(100×4×3)
I=100
Therefore
Amount =p+I
=960+100
=Rs1060

Hope this helps!