Question

what sum will earn an interest of rs480 in 2 whole 1/2 years at the rate of 3% per annum simple interest?​

Answer 1

Step-by-step explanation:

Interest = 480 RS

2× 1/2 yrs = 1 whole year

Rate = 3%

Let the amount be x

SI = A×T×R/100

480 =x×1×3/100

x= 480×100/3×1

x=48000/3

x= 16000

sum of 16000 RS will earn an interest of 480 RS