Question

Tha sam required to earn a monthly interest of 1200 at 18%per annum si is

Answer 1

Answer:

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Answer 2

Answer:

Tha sam required to earn a monthly interest of 1200 at 18%per annum si is 80000.

Explanation:

Let the principle = Rs x.

Time = 1/12 year.

S.i = 1200.

Rate = 18%

On putting in the formula,

Si = p × r × t / 100

1200 = x × 18 × 1 / 100 × 12

X = 1200 × 100 × 12 / 18

On solving, we get

X = 40000 × 2.

X = 80000

So the sum is 80000rs.