Question

on what sums of money the simple interest at 5% p.a for 1 month is Rs 1​

Answer 1

Answer:

rate percent is 5 ,let the sum be x

• one month can be written as 1/12
• then we should follow the below equation:
• (5×1×x)/100×12 =rupees 1
• 5x/1200=1
• then,X=240