Question

What sum will be earn an interest of 480in 2.5 years at the rate of 3% per annum simple interest.?

Answer 1

Question:-

➣ What sum will be earn an interest of 480in 2.5 years at the rate of 3% per annum simple interest.?

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➣

Given:-

Let the principal be P.

Rate of interest is 3%

Time is 2 years 6 months. It means 2.5 years.

Formula for simple interest = PRT/100

Where, P is principal, r is interest rate, t is time in years.

Divide both sides by 7.5