Question

what sum of money will produce 28600 as an interest in 3 years and 3months at 2.5 ℅ pa simple interest?​

Answer 1

Answer:

₹352000

Step-by-step explanation:

let principle be P

now

• intrest = ₹28600
• time = 3 years 3 months i.e. 3×12 + 3 = 39/12 years
• rate = 2.5 ℅

• P = (intrest × 100)/(rate × time)

=> P = (28600 × 100)/(2.5 × 39/12)

=> P = ₹352000