Question

What sum of money will amount to 15000 at the rate of 10% per annum simple interest in 3 years?​

Answer 1

Answer:

(P*R*T)/100=SI

(P*10*3)/100= A-P

(30P)/100= 15000-P

((30P)/100)+P = 15000

130P/100=15000

P = (15000*100)/130

P= 1500000/130

P = 150000/13

P = 11538.46

This should be the correct answer