Question

Find the sum of money on which the interest equal 5700 in 3 years at the interest rate of 4%per annum

Answer 1

Answer:

₹47500

Step-by-step explanation:

Given that Simple interest. = Rs 5700.

Time(T) = 3 years

Rate (R) = 4%

Principal = ?

S.I = ( P.T.R) / 100. 5700 =

(P x 3 x 4) / 100 x P = ( 5700 x 100) / 12 P = 47500 Rs. Hence, the sum of money is equal to Rs 47500