Question

Surya borrowed some money from bank at 8% per annum simple interest. After 3 years, he paid an interest of ₹ 480. Find the principal amount borrowed by him.

Answer 1

Answer:

1600

Step-by-step explanation:

Answer 2

Step-by-step explanation:

✠ Question :

• Surya borrowed some money from bank at 8% per annum simple interest. After 3 years, he paid an interest of ₹ 480. Find the principal amount borrowed by him.

✠ To find :

• The principal amount borrowed by Surya.

✠ Solution :

Given,

• Simple Interest = Rs. 480

• Rate = 8 %

• Time = 3 years

• Principal = ?

✦ As we know,

➨ $\sf\boxed{\red{SI = \frac{P \times R \times T}{100}}}$

✠ Putting Values :

$\implies\sf\large480 = \frac{P \times 8 \times 3}{100}$

$\implies\sf\large480 = \frac{6P}{25}$

$\implies\sf\large\frac{6P}{25} = 480$

$\implies\sf\large P = \frac{480 \times 25}{6}$

$\implies\sf P = Rs. 2000$

Hence, Principal = Rs. 2000.