Question

Find the sum of money on which the interest equals.
1. Rs. 5700 in 3 years at the interest rate of 4% per annum.

Answer 1

Let the sum of money be Rs x Interest =x*4*3/100=3x/25 therefore, 3x/25=5700 x=5700*25/3=47500 thus the required sum of money is Rs 47500

Answer 2

See the attach file for ans