Question

what sum will yield an interest of rs.277.50 in 21/2 years at 15/2 percent per annum




please answer fast​

Answer 1

Answer:

S.I. = 277.50

           T =3 years

           R = 12 % p.a.

SI = PRT /100

277.50   = P*12*3/100

277.50*100=P*12*3

27750 /12*3 = P

P = 6937.5

Therefore, the principal amount is 6937.5

Step-by-step explanation: