Question

What sum of money will yield a simple interest of Rs1155 in 3 years 6 months at
11% p.a.?​

Answer 1

The sum of money is Rs 3000

Step-by-step explanation:

Simple Interest, SI = Rs 1155

Time, t = 3 years 6 months

Rate, r = 11% PA

Let sum  be P

SI = Prt

$1155=P\times 0.11\times 3.5$

$P=\dfrac{1155}{0.385}$

[tex]P=3000

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