Question

What sum of money invested at 4% simple interest will amount to Rs. 510 in 6 months?​

Answer 1

Answer:

25500

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Explanation:

simple interest formula = PRT/100

where P is the principle

R is the rate

T is the time in years

(x * 4 *0.5)/100 = 510

(x * 4 *0.5) = 51000

2x = 51000

x = 25500

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Answer 2

Explanation:

n= 6 p=510 i=4% s.i = pni÷100 = 510×6×4÷100 = 306÷25 = 12.24