Question

what sum of money will yield rupees 170.10 as simple interest in 2 years 3 months at 6% per annum?

with proper working...... ​

Answer 1

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Here,

I=Rs 170.10

T=2 years 3 months =2123 years =241 years=49 years

R=6%

Hence,

P=(R×T)(I×100)

=Rs 6×49170.10×100

On calculating further, we get,

P=Rs 6×9170.10×100×4

=Rs 6×917010×4

=Rs 3×917010×2

=Rs 2734020

=Rs 1260

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Answer 2

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I=Rs 170.10

T=2 years 3 months =2123 years =241 years=49 years

R=6%

Hence,

P=(R×T)(I×100)

=Rs 6×49170.10×100

On calculating further, we get,

P=Rs 6×9170.10×100×4

=Rs 6×917010×4

=Rs 3×917010×2

=Rs 2734020

=Rs 1260