1.

What sum will yield an interest of Rs 750 for 2 years at rate of 8 1/3% per annum

Answer»

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



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