Question

What sum will earn an interest of ₹480 in 5/2 years at the rate of 3% per annum simple interest

Answer 1

Answer:

Given that,

Simple interest = 480 rupees

Rate of interest = 3%

Time = 5/2 years

Using the formula,

SI = (PTR) /100

P =( SI ×100) / TR

P= (480×100×2) / (5×3) = 6400 rupees

Answer 2

Given that,

• Simple Interest = ₹480
• Rate of Interest = 3%
• Time = 5/2 years

Using Formula,

SI = ( P×R×T ) / 100

P = ( SI×100 ) / T×R

P = ( 480×100×2 ) / ( 5×3 )

= ₹6400

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