Question

What amount will earn a monthly simple interest of rupees 20 at 6 paise per rupee for a year?​

Answer 1

Answer:

Capital =Rs 4000

Step-by-step explanation:

Assume thet the capital is =PRs

Monthly Interest =Rs 20

Interest Rate =6 paisa per rupee per year

=6 paisa par 100 paisa per year

=6% per year

Time =1 Month = 1/12 years

Simple interest =P *R *T/100

=> 20=P * 6* (1/12) / 100

=> 20= P/200

=> P=4000

capital =Rs 4000.