History of Hindu Mathematics: A Source Book v1.c8.s13.8
History of Hindu Mathematics: A Source Book v1.c8.s13.8
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v1.c8.s13.8
The principal sum p (= 100) is lent for one month (interest unknown = x). This unknown interest is then lent out for t (= six) months. After this period the original interest (x) plus the interest on this interest amounts to A (= sixteen). The rate-interest (x) on the principal (p) is required.