what sum will yield ₹ 406 as simple interest in 1 year 2 months at 25 by 4% per annum
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Given Simple Interest= SI = 406
Rate of Interest Per annum= R= i= 25/4%=6.25%
Time = T= n = 1year 2 months = 1.16years
we know that
Simple Interest = PTR/100
406 = P*1.16*6.25/100
406 = P*7.25/100
406×100/7.25= P
5600=P
So the Principal Amount= 5600.
Rate of Interest Per annum= R= i= 25/4%=6.25%
Time = T= n = 1year 2 months = 1.16years
we know that
Simple Interest = PTR/100
406 = P*1.16*6.25/100
406 = P*7.25/100
406×100/7.25= P
5600=P
So the Principal Amount= 5600.
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