Question

What sum of money needs to be deposited to obtain Rs. 56610 for 4 months at the rate of 6%?​

Answer 1

Answer:

S.I=Rs.1155

Rate(R)=11%p.a.

Time(T)=3years6months

=321=27 years

∴Principal=R×TS.I.×100

Answer. 3000

Answer 2

Answer:

Question is incomplete. You should have written 6% per annum simple interest. I have assumed it is a case of simple interest and 6% annually

P+I=56610 equation 1

I=P×(R/100)×T

Given

R=6

T=4/12=1/3

I=P×(6/100)×(1/3)=P/50

put this value of I in equation 1

P+(P/50)=56610

P(51/50)=56610

P=56610×50/51=55500 Ans