Question

the sum of money that will produce rupees 1770 as simple interest in 15/2 years as 8% at per annum

Answer 1

Dear Student,

● Answer -

Sum of money = 2950 Rs

◆ Explanation -

Let P be the supposed principal.

Simple interest = P × r × t / 100

1770 = P × 8 × 15/2 / 100

1770 = P × 4 × 15 / 100

1770 = P × 60) / 100

P = 1770 × 100/60

P = 2950 Rs

Hence, sum of money is 2950 Rs.

Thanks dear. Hope this helps you...