what sum will earn an interset of 480rs in 5/2 years at the rate of 3%per annum simple interest?
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P = Rs. 480
R = 3%/annum
T = 5/2years
According to question,
S. I. = P * R * T/100
=> S. I. = 480*3*5/2*100
=> S. I. = 24*3/2
=> S. I. = 72/2
=> S. I. = 36
Hence, Amount = Principal + S. I.
=> Amount = 480 + 36
=> Amount = 516
R = 3%/annum
T = 5/2years
According to question,
S. I. = P * R * T/100
=> S. I. = 480*3*5/2*100
=> S. I. = 24*3/2
=> S. I. = 72/2
=> S. I. = 36
Hence, Amount = Principal + S. I.
=> Amount = 480 + 36
=> Amount = 516
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