Question

SI= 60 R=5% T= 3 years full solution
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Answer 1

Step-by-step explanation:

Given:-

SI= 60 ,R=5%, T= 3 years

To find:-

Principle and amount.

Solution:-

Simple Interest (SI)=60

Rate of Interest (R)=5%

Time(T)=3 years

Let the principle =P

We know that , I=PTR/100

=>P=100I/TR

=>P=(100×60)/(5×3)

=>P=100×4

=>P=400

Amount=Principle+Simple Interest

=>A=400+60

A=460

Answer:-

Principle=400

Amount=460