Question

what principal will earn interest of rupees 812 8 3 upon 1 by 2 % per annum ine 7 upon 1 by 4 years​

Answer 1

Answer:

Solution

Correct option is

A

22426

Simple Interest is given by

I=

100

PNR

Where I = simple interest

P = Principal

N = number of years

R = rate of interest

Given,

I=Rs.7008

N=6 years and 3 months =6

12

3

=6

4

1

=

4

25

years

R=5%

Substituting the values in the formula:

⇒7008=

100

P×

4

25

×5

⇒7008=

400

P×125

⇒P=Rs.22425.60

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