Question

What sum of money must be given as simple interest for six months at 4% per annum in order to earn 150 interest

Answer 1

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Answer 2

Answer:

Rate % = 4%,

Simple interest= Rs. 150

Time = 6 months

=612=12year

Let the principal=Rs. P

SI=P×R×T100

Where,

SI = simple interest

P = Principal

R = Rate

T = Time

=150=P×4×12×100

=P=150×2004=Rs.7500

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