
Elementary Math Fractions, Percentages, Word Problems, Equations, Inequations, Factorization, Expansion 
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May 17th, 2018, 02:17 AM  #1 
Senior Member Joined: Aug 2014 From: India Posts: 233 Thanks: 1  Where am I doing wrong?
Anoop deposited a certain amount at 15% p.a simple interest in the name of his son when his son was 6 years old. It became 37,240/ when his son turned 12 years of age. What was the amount he deposited initially? Ans) R = 15% I = 37240 T = 6 years SI = P * R * T/ 100 37240 = (P * 15 * 6 )/ 100 P = 37240 * 100/15 * 6 P = 41377.7 But answer is 19,600. How? 
May 17th, 2018, 04:27 AM  #2 
Math Team Joined: Oct 2011 From: Ottawa Ontario, Canada Posts: 12,398 Thanks: 829  

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