What sum will earn an interest of ₹ 480 in 5/2 years at the rate of 3% per annum simple interest ?
Answers
Answered by
29
Simple interest = Rs 480
Time = 5/2
Rate = 3%
Let the sum be P
P = 100× simple interest/Time×Rate
=Rs(100×480×2/5×3)
=Rs6400
Time = 5/2
Rate = 3%
Let the sum be P
P = 100× simple interest/Time×Rate
=Rs(100×480×2/5×3)
=Rs6400
PoonamTripathi:
Is the answer correct
yes
Answered by
11
The sum is 6400.
Explanation:
I = Prt
480=P x 0.03 x 5/2
=> P = 480 / (0.03 x 5/2
=> P = 480 / 0.075
=> P = 6400
Explanation:
I = Prt
480=P x 0.03 x 5/2
=> P = 480 / (0.03 x 5/2
=> P = 480 / 0.075
=> P = 6400
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