Question

3. What sum will earn an interest of 480 in 2
interest?
years at the rate of 3% per annum simple​

Answer 1

Answer:

p = 100×I/r×t

100×480/2×3

= 100×8 = 800

p = 800

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Answer 2

Answer:

Given,

simple interest(I) = rs 480

rate (R) = 3 %

Time period(T) = 5/2 years

Principal(P)= ?= P

P=I * 100/R * T

P=480*100*2/3*5

=Rs. 6400

so the sum is rs. 6400

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