Question

please solve this problem because it camr in RIMC examination question no 4

Answer 1

Hi ,

Let the principal ( p ) = cost of the seeds

Amount paid ( A ) = Rs 10000

Time ( T ) = 1 1/2years = 3/2 years

Rate of interest ( R ) = 12%

We know ,

A = P ( 1 + TR/100 )

10000 = P [ 1 + ( 3 × 12 / 2 × 100 )]

10000 = P [ 59/50 ]

P = ( 10000 × 50 ) /59

P = Rs 8474.57

I hope this helps you.

:)