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Svetlanka [38]
3 years ago
5

How much money Anil should invest which will give him an interest of ₹1512 in 4 1⁄2 years at 3 1⁄2 % per annum simple interest?

Mathematics
1 answer:
aksik [14]3 years ago
7 0

Answer:

₹9,600

Step-by-step explanation:

we know that

The simple interest formula is equal to

I=P(rt)

where

I is the amount interest Value

P is the Principal amount of money to be invested

r is the rate of interest  

t is Number of Time Periods

in this problem we have

t=4.5\ years\\ P=?\\ I=1,512\\r=0.035

substitute in the formula above

1,512=P(0.035*4.5)

P=1,512/(0.035*4.5)=9,600

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