What sum will amount to ₹480 in 4 years at a rate of 5% per annum on simple interest ?
Answers
Answered by
0
Answer:
l hop this answer will help u
Step-by-step explanation:
mark me as brilliant
Attachments:
Answered by
1
Answer :
Given,
Amount = ₹480
Rate = 5
Time = 4
Concept used :
Amount, A = P + S.I.
Simple Interest, S.I. = P×R×T / 100
Calculation :
480 = P + P×R×T / 100
480 = P + P×5×4 / 100
480 = P + P/5
480 = 6P/5
P = 480 × 5 /6
P = Rs. 400
Principal Amount is Rs. 400.
Hope it helps you!
PLEASE MARK ME AS BRAINLIEST!
Similar questions