Question

A sum of money invested at 5 percent simple interest amount to 1380 rupees in 5/2years at the rate of 6% per year . find the sum.

give answer in brief. follow​

Answer 1

Step-by-step explanation:

let principle=x

time =5/2 years

Rate of interest=5%

=PTR/100

1380=(x*5/2*5)/100

1380*100=x*25/2

x=138000*2/25

x=11,040