Question

What sum of money will amount to *2760 in 3 years at 5% per annum simple
interest? ​

Answer 1

Answer:

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Answer 2

Answer:

let's the principal be P

amount = 2760

time = 3year

rate = 5%

P =100 × amount/100 + time × rate

P =100 ×2760/100 + 3×5

P = 100 × 2760/115

P = 2400