What sum will earn an interest of Rs. 400 in 3 years at the rate of 5% per annum pls tell the steps too
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P ( PRINCIPAL )
A ( AMMOUNT )
R ( RATE % )
T ( TIME )
I ( INTEREST )
I = ₹400 ( GIVEN )
R = 5% ( GIVEN )
T = 3 YEARS ( GIVEN )
PROCESS : I = P*R*T / 100
: 400 = P * 4 * 3 / 100
: 400 = P * 12 / 100
: 400*100 = P * 12
: 40000 = P*12
: 40000 / 12 = P
: P = 3,333.333......
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