Question

What sum of money will yield 170.10 as simple interest in 2 year 3 month at 6% per Annum

Answer 1

SI = P * T * R/100

Here we converted 3 months into year = 3/12 = 1/4 year

P = (170.10 * 100)/(6 * 9/4) = 1260

Answer 2

Answer:

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Step-by-step explanation:

Here,

I=Rs 170.10

T=2 years 3 months =2  

12

3

​

 years =2  

4

1

​

 years=  

4

9

​

 years

R=6%

Hence,

P=  

(R×T)

(I×100)

​

 

=Rs  

6×  

4

9

​

 

170.10×100

​

 

On calculating further, we get,

P=Rs  

6×9

170.10×100×4

​

 

=Rs  

6×9

17010×4

​

 

=Rs  

3×9

17010×2

​

 

=Rs  

27

34020

​

 

=Rs 1260