The simple interest on a certain sum for 73 days at 8 per annum is ruppees 72. Find the sum
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Answer:
Rs. 4500
Step-by-step explanation:
Simple Interest = (Sum * Rate * Time) / 100
Let sum be x.
Time = 73 days
= 73/365 year
= 1/5 year
Rate = 8% per annum
Thus, simple interest = (x * 8 * 1/5)100
=> Rs. 72 = 8x/500
=> x = Rs. (72 * 500)/8
=> x = Rs. (9 * 500)
=> Sum = Rs. 4500
Hence, the sum (principle) is Rs. 4500
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