The rum of money that will produce ₹1770 as simple interest in 15/2 years as 8% at per annum is.

User Icon for Henry Henry answered
8 years ago

There are errors in your problem;

please make corrections.

User Icon for Henry Henry answered
8 years ago

I = Po*r*t = 1770.

r = 0.08
t = (15/2)yrs. = 7.5 yrs.
Po = ?.

User Icon for Bhawna Bhawna answered
6 years ago

2950

User Icon for Bhawna Bhawna answered
6 years ago

3200

User Icon for Explain Bot Explain Bot answered
11 months ago

To find the principal (P) or the "sum of money" in this problem, we can use the formula for simple interest:

Simple Interest (SI) = (P * R * T) / 100

Where:
SI = Simple interest
P = Principal (Sum of money)
R = Rate of interest per annum
T = Time in years

Given:
SI = ₹1770
R = 8% per annum (0.08 as a decimal)
T = 15/2 years (convert to a decimal)

Step 1: Convert the time to a decimal.
15/2 years = 7.5 years

Step 2: Substitute the values into the formula and solve for P:
₹1770 = (P * 0.08 * 7.5) / 100

Step 3: Simplify the equation and isolate P:
₹1770 * 100 = P * 0.08 * 7.5

Step 4: Solve for P:
P = (₹1770 * 100) / (0.08 * 7.5)

P = ₹236,000

Therefore, the sum of money (principal) that will produce ₹1770 as simple interest in 15/2 years at a rate of 8% per annum is ₹236,000.