what sum of money will amount to 2760 in 3 years at 5% per annum simple interest
Answers
Answered by
2
Answer:
si=2760*3*5/100
=414
Step-by-step explanation:
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✦ Question :-
What sum of money will amount to rupees 2760 in 3 years at 5% per annum simple interest ?
Answer :
Principal will be Rs 24,00
Method :-
Given :-
Rate of interest per annum = 5%
Time = 3 year.
Amount = 2760
Have to Find :-
Principal = ?
Solution :-
Using formula
- Principal :- (100 ×A /100 +TR )
Substituting the values in the above formula, we get :-
= 100 × 2760 / 100 + ( 3 × 5 )
= 100 × 2760 / 115
Principal =
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