Question

what capital will on a monthly interest of rupees 20 at 6 paise per rupee per your simple interest?​

Answer 1

Answer:

Capital = Rs 4000

Step-by-step explanation:

Let say Capital = P Rs

Monthly Interest  = Rs 20

Interest Rate =  6 paise per rupee per year

= 6 Paisa per 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