what sum of money will the simple interest at 7 and half percent per a – InterviewSolution

1.	what sum of money will the simple interest at 7 and half percent per annum for 4 years 2 months for rupees 630
Answer» HAT S.I.=630 rate=7 1/2=15/2 Time=4 2/12=4 1/2= 9/2Principal or SUM of MONEY = 100×S.I/Rate×time=100×630/(15/2×9/2)=63000/15×2×9×2=63000/540=6300/54=3150/27=1050/9=350/3=116.67

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