What sum of money will get a monthly interest of 150 at 6% per annum?
Answers
Solution :-
Let the sum of money be Rs. X
monthly interest on it = Rs. 150
The interest for one year
= 12×150 = Rs. 1800
Rate of interest = 6%
We know that
Simple Interest = PTR/100
=> 1800 = (X×1×6)/100
=> 1800 = 6X/100
=> 1800 ×100 = 6X
=> 180000 = 6X
=> 6X = 180000
=> X = 180000/6
=> X = 30,000
Therefore, X = Rs. 30,000
Answer :-
The sum of money is Rs. 30,000
Used formulae:-
→ Simple Interest = PTR/100
- P = Principal
- T = Time
- R = Rate of Interest
→ 1 year = 12 months
Answer:
Let the sum of money be ₹ X
monthly interest on it = Rs 150
The interest for one year
=12*150=Rs. 1800
Rate of interest =6\%
As we know that
Simple Interest - PTR/100
>1 1800 = (X * 1 * 6) / 100
>1 1800 = 6X / 100
>1800*100=6X
=>180000=6X
=>6X=180000
=>X=180000/6
=>X=30,000
Therefore, X = ₹30,000
The sun of money is ₹30, 000
Step-by-step explanation:
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