Question

a person lent certain sum of money at 5% per annum simple interest in 15 year the interest amounted to Rs 250less then the sum lent. what was the sum lent (in Rs)?

Answer 1

Answer:

principal=?

rate of interest=5%

time=15 year

interest= prt/100

therefore,

p×5×15 =250

100

p= 250×100

5×15

=333.33 rupees