Question

What sum will earn an interest of Rs.480 In 5/2 years is it at the rate of 3% per annum simple interest?

Answer 1

Answer:

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

HOPE IT WILL HELP YOU

IF TIME PERIOD IS RIGHT ...

OTHERWISE IT WILL HELP YOU

Answer 2

Given :

R = 3%  

T = 2 + 1/2 years

⇒ 5/2 yrs  

I = Rs 480

Acc. to simple interest :

I = PRT/100

⇒ P = 100I/RT

⇒ P = (480 × 100 × 2)/(3 × 5)

⇒ P = 960 × 100/15

⇒ P = 6400