what sum of money will amount to rupees 2760 in 3 years at 5% per annum simple interest ?
Answers
Answered by
1
Answer:
si=p×r×t/100 p=2760. r=5percent and t=3yrs so excrat it and answer is 2070
Answered by
7
✦ 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 1 :-
Rate of interest per annum = 5%
Time = 3 year.
Amount = 2760
Have to Find
Principal = ?
Using formula
(100 ×A /100 +TR )
Substituting the values in the above formula, we get :-
= 100 × 2760 / 100 + ( 3 × 5 )
= 100 × 2760 / 115
Principal = Rs.2400
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