Question

1.What sum of money deposited in a bank account for 3 years at 8% per
year will earn a simple interest of Rs. 540?
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Answer 1

Answer :-

Given -

• T = 3 years
• R = 8%
• SI = Rs. 540

To Find -

• Principal, P

Solution -

We know that,

$\boxed{\sf SI = \frac{PRT}{100}}$

Substituting the values -

➩ $\sf 540 = \frac{P \times 8 \times 3}{100}$

➩ $\sf 24P = 540 \times 100$

➩ $\sf P = \frac{54000}{24}$

➩ $\sf P = 2250$

Sum = Rs. 2250

Answer 2

Step-by-step explanation:

si = rs 540

T = 3 years

R= 8%

p= si*100/r*t

P= 540*100/8*3=1350