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The simple interest on a certain sum at 5% per annum in 3 years is 600. Find the sum.
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Answer:
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Step-by-step explanation:
⇒ Here, we have T=3years,R=5% and S.I.=Rs.600
⇒ S.I.=100P×R×T
⇒ 600=100P×5×3
∴ P=5×3600×100=Rs.4000.
⇒ Now, taking P=Rs.4000,T=3years and R=5%
⇒ A=P(1+100R)T
⇒ A=4000×(1+1005)3
⇒ A=4000×(2021)3
⇒ A=80004000×9261=Rs.4,630.50
Answered by
226
- Simple Interest = 600
- Rate of Interest = 5% per annum
- Time = 3 years
- Principal
where,
- S.I. = Simple Interest i.e. 600
- R = Rate of Interest i.e. 5% per annum
- T = Time i.e. 3 years
- P = Principal
According to the question by using the formula of Simple Interest, we get,
After Transposing,
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