Question

what sum of money will produce rs 28600 as an interest in 3 years and 3 months at 2.5% p.a simple interest

Answer 1

Answer:

Required sum =  Rs.3,52,000

Explanation:

Given that,

Rs. 28,600 as an interest in 3 years and 3 months at 2.5% p.a simple interest

Simple Interest (SI)  = Rs. 28,600

Time (T) = 3 years 3 months = 3.25 years

Rate of interest (R) = 2.5%

P = $\frac{100*SI}{R*T}$

Where P is the principle (required sum)

SI is simple interest

R is Rate of interest

T is time

P = $\frac{100*28600}{2.5*3.25}$

P = 3,52,000

So, required sum of money is Rs. 3,52,000

That's the final answer.

I hope it will help you.

Answer 2

Answer:

p=3,52,000

Step-by-step explanation:SI=pit

28,600 = p(0.025)(3.25)

28600=p(0.08125)

p=28600/0.08125

p=3,52,000