The sum of money that will produce ₹1770 as simple interest in 15/2 years ats 8% at per annum
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Answer:
Rs.2950
Step-by-step explanation:
Let the sum of money be P.
Simple Interest (SI) = Rs.1770
Rate (R) = 8%
Time (T) = 15/2 years
SI = PRT/100
=> 1770 = P × 8 × 15/2 × 1/100
=> 1770 × 100/60 = P
=> P = Rs.2950
Therefore, the sum of money is Rs.2950.
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