what sum of money must be given at simple interest for 6 months at 4 percent annum in order to earn Rs 150 interest
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Given
Time=6 months
=1/2 yr
Interest rate= 4% p.a.
Interest =₹150
We know
I= pxrxt /100
150=px4x(1/2) /100
P=150x100x2/4
=₹7500
This is ur ans hope it will help you in case of any doubt comment below
Time=6 months
=1/2 yr
Interest rate= 4% p.a.
Interest =₹150
We know
I= pxrxt /100
150=px4x(1/2) /100
P=150x100x2/4
=₹7500
This is ur ans hope it will help you in case of any doubt comment below
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