Math, asked by vnsenthil5, 1 year ago

a sum at simple interest of 4% per annum to 3120 in 5 years. find the sum?

Answers

Answered by Arpitverma1
3
Si=p×r×t/100
3120×4×5/100=624
Answered by pinquancaro
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,

I=P\times R\times T

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,

3120=P\times 0.04\times 5

P=\frac{3120}{0.04\times 5}

P=15600

Therefore, The sum borrowed is Rs.15600.

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