What sum will yield rs.406 as simple interest will a sum in 1 year 2 months at 25/4 % per annum
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Answered by
169
Here is ur answer.
- Let the principle be Rs. x .
- SI = Rs. 406
- Rate = 25/4 %
- Time = 1 year and 2 months
= 1 + 2/12 = 7/6 years.
We know that ,
SI = [principle x rate x time ]/100
A/Q, 406 = x × 25/400 × 7/6
x =[ 406 ×400×6]÷[25×7]
= 5568
So
Principle = 5568
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