Question

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

Answer 1

Answer:

2400

Step-by-step explanation:

Given

Compound Amount = 2760

Time= 3 years

rate = 5%

Principal Amount=??

Let Principal amount is x

SI =( P×r×t)/100

= (x× 5× 3 )/100

= 15x / 100

Compound Amount = Principal amount + Si

2760 = x + (15x / 100)

2760 = ( 100x + 15x) / 100

2760 × 100 = 115x

x = (2760 × 100 )/115

x = 2400

Principal amount = x = 2400