What sum will earn an interest of ₹480 in5÷2years at rate 5% per annum simple interest ?
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Given interest = Rs 480, time = 5/2 years and rate of interest = 5%
So S.I = priciple*time*rate of interest/100
480 = sum*5*5/(100*2)
480 = sum*25/200
480*200/25 = sum
Sum = Rs 3840
So S.I = priciple*time*rate of interest/100
480 = sum*5*5/(100*2)
480 = sum*25/200
480*200/25 = sum
Sum = Rs 3840
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