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 month

Rate, r = 11%  PA

Let sum of money be P

$SI=Prt$

$1155=P\times 0.11\times 3.5$

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

$P=3000$

#BAL

Answer 2

Step-by-step explanation:

hope it helps you good afternoon