Answer :
We have,
Where,
P is the principal (in Rs)
T is the time (in years)
R is the rate of interest (in % per annum)
Given: Amount = Rs. 3605
Time (T) = 219 days
Rate of interest (R) = 5% per annum
Let the sum (P) be Rs. x.
Here, we have T in days. So, we need to convert to years.
So,
We have Amount = Principal + Interest
⇒ 3605 = x + 0.03x
⇒ 1.03x = 3605
Thus, the sum is Rs. 3500.
Rate this question :
How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
RELATED QUESTIONS :
The simple intere
NCERT - Exemplar MathematicsRadhika borrowed
NCERT - Exemplar MathematicsThe simple intere
NCERT - Exemplar MathematicsWhat sum of money
NCERT - Exemplar Mathematics<span lang="EN-US
NCERT MathematicsAmount received a
NCERT - Exemplar MathematicsRs 6400 were lent
NCERT - Exemplar MathematicsIn a furniture sh
NCERT - Exemplar MathematicsIn how many years
NCERT - Exemplar Mathematics