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ICSE Class 8 Answered

Find the principal on which a simple interest of ₹55 will be obtained after 9 months at the rate of 5.5%per annum
Asked by sraj51403 | 20 Jan, 2020, 03:34: AM
Expert Answer
Simple interest = Rs. 55, n = 9 months = 9/12 year = 3/4 year, r = 5.5% p.a.
 
Simple interest = Pnr/100
55 = P × 3/4 × 5.5/100
P = Rs. 1333.33
Answered by Sneha shidid | 20 Jan, 2020, 09:30: AM

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