Question

Ajay lent a sum of money at 3% per annum simple interest and received an interest of Rs 480 in 2years. Find the sum

Answer 1

Answer:

8000/-

Step-by-step explanation:

Principal P = P

Rate R = 3%

Time T = 2 Years

SI= 480

SI= PTR/100

480 = P*2*3/100

480*100

P= _______

2*3

P = 48000/6

P = 8000/-

Answer 2

Answer:

Ajay lent a sum of money at 3% per annum simple interest and received an interest of Rs 480 in 2 years. Find the sum