a sum at simple interest of 4% per annum to 3120 in 5 years. find the sum?
Answers
Answered by
3
Si=p×r×t/100
3120×4×5/100=624
3120×4×5/100=624
Answered by
4
Answer:
The sum borrowed is Rs.15600.
Step-by-step explanation:
Given : A sum at simple interest of 4% per annum to 3120 in 5 years.
To find : What is the sum ?
Solution :
Applying interest formula,
Where, I=Rs.3120 is the interest
R=4%=0.04 is the interest rate
T=5 year is the time
P is the principal or sum
Substitute the value in the formula,
Therefore, The sum borrowed is Rs.15600.
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