Question

what sum of money will yield simple interest of rs 2400 at the rate of 12% per annum simple interest in 5 years​

Answer 1

Answer:

Find the simple interest and the amount on Rs.2400 for 3 years 5 months and 15 days at the rate of 9%.

Step-by-step explanation:

Given Principal (P) = Rs. 2400 Rate (R) = 9%

Time (T) = 3 years 5 months and 15 days =

24

83

years

To find simple interest and he amount Simple interest =

100

PRT

=Rs.2400×

100

9

×

24

83

=Rs.747

And the amount = Rs.2400 + Rs. 747 = Rs. 3147

Answer 2

Answer:

1440

Step-by-step explanation:

Interest x rate x years

                100

2400 x 12 x 5

        100

= 1440

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