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The sum required to earn a monthly interest of Rs 1200 at 18% per annum SI is?
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The sum required to earn a monthly interest of Rs 1200 at 18% per annu...
Calculation of Sum Required to Earn Monthly Interest


Given,


  • Monthly Interest (I) = Rs 1200

  • Rate of Interest (R) = 18% per annum

  • Time (T) = 1 year (since the interest rate is given as per annum)

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



Calculation of Simple Interest


Substituting the given values in the formula of Simple Interest:

SI = (P*R*T)/100

SI = (P*18*1)/100

SI = 0.18P


Calculation of Required Sum


As per the given question, the monthly interest is Rs 1200, which means the interest earned in a year is:

1200 * 12 = Rs 14,400


Now, substituting the value of SI in the above equation:

0.18P = 14,400

P = 14,400/0.18

P = Rs 80,000


Conclusion


Therefore, the sum required to earn a monthly interest of Rs 1200 at 18% per annum SI is Rs 80,000.
Community Answer
The sum required to earn a monthly interest of Rs 1200 at 18% per annu...
S.I=1200
R=18%
P=??
          1200=P*18*1/100*12
           1200*1200=P*18
             1440000/18=P
              P=80000 ANS....

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The sum required to earn a monthly interest of Rs 1200 at 18% per annum SI is?
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