Question

Find the sum which gives ₹1200 interest at 5% for 3 years ​

Answer 1

Answer:

The Sum =  ₹8,000

Step-by-step explanation:

Given,

S.I = ₹1200

Rate ( R ) = 5 %

Time ( T ) = 3 years

We know that,

    S.I =  $\frac{P*T*R}{100}$

⇒  ₹1200 = $\frac{P*3*5}{100}$

⇒  ₹1200 × 100 = P × 3 × 5

⇒  P = $\frac{ 1200 * 100}{3*5}$

⇒  P = ₹8,000

Therefore,

The Sum =  ₹8,000