Question

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

T

Answer 1

GIVEN  

T = 2 1/2 yr

5/2yrs

R = 3%  

SI = ₹480  

P =?

we know That

SI = PRT/100

480 = p *3*5/2*100

48000*2/3*5=p

₹6400 = p answer

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