What sum of money amount to ₹ 2025 in 3 months at 5 % simple interest per annum?
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this is the answer bro hope it helps...
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Answer:
Principal sum of money = Rs 2000
Step-by-step explanation:
Let Principal sum of money = Rs P
Simple Rate of interest,r = 5%
Time period, t = 3 months
Now, Amount = Principal + Simple Interest
A = P + (P * r * t)
Rs 2025 = P(1 + (0.05 * ))
2025 = P *
P = (2025 * 80)/81 = Rs 2000
Therefore, Principal sum of money, P = Rs 2000.
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