What sum of money will produce rs 150 as intereste in 2 years at 5percentbsimple interest rate
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Answer:
Rs. 1500
Step-by-step explanation:
Principal = P
Rate of Intrest = 5%
Time = 2 years
Simple Interest = P x R x T / 100
150 = P x 5 x 2 / 100
150 = P / 10
150 x 10 = P
1500 = P
1,500 is the sum of money that will produce Rs. 150 intrest in 2 years at 5% rate of intrest.
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