Question

Anil deposited some money in a savings account. He got 

Rs

 120 as simple interest after 5 years. If the interest was calculated at the rate of 3% p.a., what was the amount that he deposited?​

Answer 1

Answer:

800

Step-by-step explanation:

simple interest=(PxTxR)/100

here simple interest=120,R=3,T=5

120=(Px5x3)/100

P=800