Question

on what principal will the simple interest of Rs 1005 in 8 years 6 months at 7.5 % per annum

step by step​

Answer 1

Answer:

Let Principal = Rs. P

Time (T) = 6 years 3 month = 6 years + 3/12

Years = 75/12 = 25/4 year = 6. ¼ years

Rate (R) = 5%

Simple interest = Rs. 7,008

We know that

Simple interest = (P × T × R)/100

⇒ 7,008 = (P × (25/4) ×5)/100 ⇒ P = (7008 × 100 × 4)/25 × 5

= (7008 × 16)/5 = (112128/5) = Rs. 22425.60

Step-by-step explanation:

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