History of Hindu Mathematics: A Source Book v1.c8.s13.26

v1.c8.s13.26

"It has been ascertained that the interest for 1½ months (t=rate-time) on 60 (c=rate-capital) is 2½ (i= rate-interest). The interest (on the unknown capital P) for an unknown period (T) is 24 (=I), and 60 (=m =P+T) is the time combined with the capital lent out. What is the time (T) and what is the capital (P)?''