Question

the sum of required to earn a monthly interest of ₹1500 at 5% per annum at simple interest​

Answer 1

Answer:

The sum required to earn a monthly interest ? In year, Therefore, the sum is Rs. 180075.

Step-by-step explanation:

Given : A monthly interest of 1500 at 5% per annum at simple interest.

To find : The sum required to earn a monthly interest ?

Solution :

Applying simple interest

Where, I=Rs.1500 is the interest

P is the sum

Rate r =5%= 0.05

Time t = 1 month

Answer 2

Step-by-step explanation:

$SI = 1500 \\ R = 5\% \\ T = 12months = \frac{1}{12} \\ SI = \frac{P \times R \times T}{100 } \\ 1500 = \frac{P \times 5 \times 1}{100 \times 12} \\ P = \frac{150000 \times 12}{5} \\ P = 360000$