Question

What sum will earn an interest of rs 480 in 3 years at 16% per annum?

Answer 1

Answer:

1000 will earn interest of 480 in 3 yaears at the

rate of 16%

Given:-

• simple Interest =480
• Time =3
• Rate of interest = 16%
• principle =?

Explaination:-

as we know

$s.i = \frac{p \times t \times r}{100} \\ \\ 480 = \frac{p \times 3 \times 16}{100} \\ \\ 480 \times 100 = p \times 3 \times 16 \\ \\ p = \frac{480 \times 100}{3 \times 16} \\ \\ p = 1000$

hence;

1000 will earn interest of 480 in 3 yaears at the

rate of 16%

Answer 2

Dear Student,

◆ Answer -

Principal = Rs 1000

● Explanation -

# Given -

Interest = Rs 480

Time = 3 years

Simple interest = 16 %

# Solution -

Simple interest is calculated by -

Simple interest = principal × interest rate × time

480 = principal × 16/100 × 3

Principal = 480 × 100/48

Principal = Rs 1000

Hence, sum of Rs 1000 is required.

Thanks dear. Hope this is helpful to you...