Question

what sum of money will fetch rs 661.50 as simple interest in one year. 9 months at 6 whole 2/3% per annum.​

Answer 1

Answer:

SI = PRT/100

P = ?

SI = 661.5

T = 1 YEAR 9 MONTH = 1 3/4 (MIXED NUMBER) = 7/4

R = 2/3%

NOW SUBSITUTE

= 661.5 = P * 2 * 7/(100*3*4)

= P = 56700

ANSWER P = 56700

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