Find out the sum of money which produces ₹. 24630 interest in 4 years and 4 months at 3.5% p.a. simple interest?

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15 Dec 2020 Money Find out the sum of money which produces ₹. 24630 interest in 4 years and 4 months at 3.5% p.a. simple interest?: OPtion
1. ₹ 150000
2. ₹ 160000
3. ₹ 162395.60
4. ₹ 165000
5. ₹ 164315.21
6. ₹ 158301.25
7. ₹ 165432.23
8. ₹ 148956.32
9. ₹ 155653.85
10. None of the above; Correct Option: 3 Best Solution (2)

Billal Hossain 3 years AGO

Here, Interest I=24630
Time n=52/12
Rate r= 3.5/100
Principle amount p=?
for simple interest, we know that
I=pnr
or, 24630=p*(52/12)*(3.5/100)
or, p=(24630*12*100)/(52*3.5)
Therefore, p= 162395.60
So, My option is (3)

Like? Yes (2) | No

G.S.Kantharao 3 years AGO

P*13*7/3*2*100=₹24630
P=₹162395.60
My option is 3👈

Like? Yes (1) | No

Dimple

India

Punjab

Time: 00:01:33

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Find out the sum of money which produces ₹. 24630 interest in 4 years and 4 months at 3.5% p.a. si

M4maths Previous Puzzles

15 Dec 2020 Money