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Sum / Principal

What sum of m...

Question

What sum of money will yield Rs. $170.10$ as simple interest in $2$ years $3$ months at $6 %$ per annum?

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Solution

$\begin{matrix} P = R s 170.10 T = 2 y a e r s 3 m o n t h s T = 2 + \frac{3}{12} = \frac{9}{4} y e a r s S . I . = \frac{P \times R \times T}{100} S . I . = \frac{170.10 \times 6 \times \frac{9}{4}}{100} R s 22.9635 \end{matrix}$
The required sum of money is $R s 22.9635$

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