Question

Rajiv invests ruppes 350000 to purchase a car from his account at an annual rate of 8% simple interest for 65 month. What will be the principal amount ?​

Answer 1

Answer:

P=SI*100/R*T

=350000*100/8*65

=35000000/528

=67307.692308

Answer 2

$A=Rs501666.6667$

Explanation:

Given,

$Principal=P=Rs350000$

$Rate=R=8%$%

$Time=T=65 months$

$T=65/12 years$

$S.I=P\times R\times T/100$

$S.I=350000\times 8/100\times 65/12$

$S.I=Rs151666.6667$

$Amount=A=P+S.I$

$A=350000+151666.6667$

$A=Rs501666.6667$