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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 20th January 2020, 3:34 AM
Answered by 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 Expert 20th January 2020, 9:30 AM
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