Question

What sum of money will yield an interest of Rs 715 for 2 years at 5 1/2 % p.a?​

Answer 1

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 126

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Answer 2

Answer:

What sum of money will yield an interest of Rs 715 for 2 years at 5

1

2

% p.a?