Question

on what principle will the simple interest paid rupees 7008 in 6 years 3 month at 5% per year

Answer 1

Answer:

₹ 2240

Step-by-step explanation:

S.I = 7008

T = 6 year 3 month = 75/12 year

R= 5%

P = ??

SI=P×R×T/100

7008=P×75/12×5/100

7008= 375/1200×P

375×P = 700/1200

P=700×1200/375

P=2240