What sum will yield an interest of Rs 750 for 2 years at rate of 8 1/3% per annum
Answers
Answer:
Rs 4500
Step-by-step explanation:
given
interest for two years at a rate of 8 1/3% per annum is Rs 750
to find
sum which will yield the given data
formula for use
interest = principal * time * rate/100
solution
principal = 100 * interest /(time * rate )
==> principal = 100 * 750/(2 * 25/3) (8 1/3 can be written as 25/3)
===> principal = 100 * 15*3
= Rs 4500
Answer: given
interest for two years at a rate of 8 1/3% per annum is Rs 750
to find
sum which will yield the given data
formula for use
interest = principal * time * rate/100
solution
principal = 100 * interest /(time * rate )
==> principal = 100 * 750/(2 * 25/3) (8 1/3 can be written as 25/3)
===> principal = 100 * 15*3
= Rs 4500
Step-by-step explanation: