on what sum of money the simple interest for 2 whole 1 by 2 years at the rate of 3 whole 1 by 2% P A will be 525 rupees
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Answer:
ANSWER
Let the principal be P
Time = 2 whole 1/2 = 5 years
Rate of interest = 3 whole 1/2% = 7%
Simple Interest = rupees 525
SI = P*R*T/100
525= P*7*5/100
525= P*7*1/20
525= 7P/20
525*20/7 = P
75*20 = P
Rupees 1500.
Step-by-step explanation:
TO CHECK THE ANSWER WHETHER CORRECT
SI = P*R*T/100
SI = 1500*7*5/100
SI = 15*7*5
SI = 525
ANSWER IS CORRECT .
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Step-by-step explanation:
7000
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